banner_ad

Input tax credit

454 views 1 replies

Hello,  Sorry to post it again in main section of VAT, earlier I have posted the same query in Others category under Vat and didn't got any reply...

We sell our manufactured items @ 6.05% (including surcharge). I have following query regarding input tax credit.

1. For packing of goods we purchase plywoods, etc. @ 14.30% (including surcharge). Whether we can claim ITC at full rate or @ 6.05% only?

2. We use lubricating oil, etc. in production process @ 14.30%. Whether we can claim ITC at full rate or @ 6.05% only?

3. For electric motors and AC drives purchased for installing on machinery to be sold AND also sometimes used for own machinery as Capital Goods both @ 14.30%. Can we claim full ITC for both purpose even if we sell our item at either 6.05% or 2% against form C?

Thanks in advance for reply.

Replies (1)

Dear sir,

Can a cement  Trader avail input creidt in case he purchase within the state


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details