Ap vat

Originally posted by : rajender guptha
	Can anyone please explain me regarding rule 17 d of AP VAT act on how to cliam input credit

There is no Rule 17(d) in APVAT Rules, 2005. Please ask your questions more specifically to get correct help.

Originally posted by : rajender guptha
	Can anyone please explain me regarding rule 17 d of AP VAT act on how to cliam input credit

Sir, here is the situation,

Construction company, Original works contracts.

Input is claimed on 75% of Eligible purchase in VAT return, whether it is correct or not?

And apart from the above Safety equipments like helmets, shoes,etc., are eligible for Input or not? 

Originally posted by : rajender guptha
	Originally posted by : rajender guptha Can anyone please explain me regarding rule 17 d of AP VAT act on how to cliam input credit  Sir, here is the situation, Construction company, Original works contracts. Input is claimed on 75% of Eligible purchase in VAT return, whether it is correct or not? And apart from the above Safety equipments like helmets, shoes,etc., are eligible for Input or not?

Have you opted to pay VAT under Goods Identification method in such works contracts? If you are paying VAT on each goods at the rate as per VAT Schedule, then, you can take Input VAT Credit. In that case, you can take Input VAT Credit to the extent of 75%. 

Yes, you can take ITC (Input Tax Credit) on Shoes and Hemlets in Construction Industry.