Vat input purchase material r&d purpose
This query is : Resolved
Praveen kumar varma
(Querist)
23 July 2013
Dear All
we Purchase Raw Material for R&D Purpose. Pls advice we have claim set-off input vat from output vat
Pls advice ?
Regards
Praveen
we Purchase Raw Material for R&D Purpose. Pls advice we have claim set-off input vat from output vat
Pls advice ?
Regards
Praveen
RENGARAJ R.K
(Expert)
30 July 2013
First of all you have not mentioned the STATE the query relates to.
Generally, Raw material for consumption purpose is not eligibel for set off. If any capital goods, equipments are purchased for R&D purpose and if they are used for production purpose, they are eligible. We have to check up your State VAT Act before replying to your query.
Generally, Raw material for consumption purpose is not eligibel for set off. If any capital goods, equipments are purchased for R&D purpose and if they are used for production purpose, they are eligible. We have to check up your State VAT Act before replying to your query.
Praveen kumar varma
(Querist)
31 July 2013
thanks you
it is Banglore and Maharashtra state
Regards
Praveen
it is Banglore and Maharashtra state
Regards
Praveen
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