Ap vat- exempted or non creditable purchases

we have made the following capital purchases as we are setting up power plant

1. boiler

2. Civil works

3. Motor car

4. Generator etc..

we are undoubtedly not eligible for any input vat.

now my doubt is whether to show the value of purchases in APVAT retunrs in the coloumn "Exempted or non creditable purchases"

Pls ...urgent thanking you

 

Replies (3)

Items which are not eligible for ITC should shown in non-creditable column.

dinesh it is not like that.

some items are especially excluded in the coloumn non-creditable. pls go through in the www.apct.gov.in , in the FAQs it is given


 

While submitting the sales Tax Returns [AP VAT 200] during period from April 2010 to March 2013, we have mistakenly not disclosed the Exempt/Non-creditable Purchases. It is a clerical mistake. But we have  already accounted it for in our books of accounts for the said period and to that extent we have applied for c forms from the S Tax Department and was duly sanctioned by them.

Now, the Sales Tax Audit is going on and it is detected by them that we have not disclosed the same in the Sales Tax return,

For this clerical mistake, they have demanded the handsome amount of tax. Is it taxable?

DIPAK ROY

LEO LAMINATES PRIVATE LIMITED

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