Input Vat credit on Stationary Puachase

Ram Avtar Singh

Nagari Sultanpur U.P.Delhi

15431 Points Joined March 2007

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

arbind

student-ca

20 Points Joined 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 Joined November 2008

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

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 Joined November 2008

Originally posted by :sushil

"

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

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 Joined September 2008

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

Thanks,

Gopinath Dey

Guest

452255 Points Joined August 2012

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

Thanks,

Atul Bansal

Guest

452255 Points Joined August 2012

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

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