Dear friends ,
As per KVAT act , Fifth Scedule related to Input Restricted Goods, one of the clause contains
Furniture including slotted angles and ready to assemble parts of
furniture, stationery articles including paper, sanitary fittings,
cement and other construction materials including bricks, timber,
wood, glass, mirrors, roofing materials, stones, tiles and paints,
toilet articles.
Does this mean that VAT cannot be claimed on the p[urchase of any glass items say example purchase of 10mmplain glass ?
Thanks in advance
CAclubindia
