VAT INPUT TAX CREDIT

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 September 2010 A manufacturer has purchased plant and machinery of Rs.50,00,000/-. The manufacturer has made foundation of cement, sand, grit, kapchi for installation of plant and machinery and spent Rs. 5,00,000/-. Further the manufacturer has also incurred expenditure towards electrification. The manufacturer has capitalized expenditure of installation and electrification and debited to machinery account. Whether Input Tax Credit is available on Installation and Electrification expenditure?

Ram Avtar Singh

Ram Avtar Singh (Expert)
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29 September 2010 Input Tax Credit is available on Installation

No input credit allowed on electrification

N J Ansari

N J Ansari (Expert)
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24 October 2010 In Maharashtra input vat credit is available on electrification work.

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