Live Course on Drafting of Appeal and Reply of Penalty Notice by CA Sachin Sinha. Register Now!!

Input Vat credit on Stationary Puachase

raju (Student) (75 Points)

24 October 2008

VAT on Stationary is purchases, whether eligible for taking input credit or not

Reply
Follow
Share

11 Replies

Ram Avtar Singh (Nagari Sultanpur U.P.Delhi) (14477 Points)
Replied 24 October 2008

No, Input vat only on Input for manufacturing or Trading. if you are stationery dealer then it can avail

arbind (student-ca) (20 Points)
Replied 24 October 2008

no input vat credit is available for stationery items it is only available for capital goods & purchasable items i.e. used for making f. goods & for resale only.

krishan (Accountant) (32 Points)
Replied 09 November 2008

Originally posted by :raju
"	no VAT on Stationary is purchases, whether eligible for taking input credit or not	"

sushil (Accounts) (62 Points)
Replied 10 November 2008

Please let me know if credit can be take for VAT paid for purchase of car. Can Vat Credit can be carried forward for the further period of 2 years ? Further is it possible to take VAT credit on the capital goods which are brought before getting the VAT registration.

Originally posted by :krishan

K. Gaurish (Government Employee) (68 Points)
Replied 13 November 2008

Originally posted by :sushil

If the car is used for business purposes and included in the block of assets / showns as capital assets, then the VAT input credit on the said car has to be taken into 2 intsallmnets as follows:

-e.g. Date of purchase of Car 12-05-2008

VAT paid on car : 35000/-, then VAT input shal be taken as follows:

for the year 2008-09: 17500/-

for the year 2009-10: 17500/-

Now answer to your second question:

It is NOT possible to take the input credit of VAT paid on the purchase of capital assets prior to the date of registration.

Gopinath Dey (Sewrvice) (20 Points)
Replied 25 November 2008

Pls. let me know that input vat credit taken only for direct expenses not indirect expenses or both.

Thanks,

Gopinath Dey

(Guest)

Pls. let me know that input vat credit taken only for direct expenses not indirect expenses or both.

Thanks,

Atul Bansal

(Guest)

I am working in a Manufacturing Company, and i have received a Bill of Packing Material (Direct Expenses) from any vendor, and in the above bill vendor has been charge the input vat, so please let me know that i am availing the vat on direct expenses also or not.

Thanks

Atul Bansal

9313878076