Dear All,
Kindly confirm whether we can take input credit on following items for a Company in Karnataka engaged in manufacture of Industrial springs.For Details Below
1) Time attendance software for Workers
2) Angles & Flats purchased for Racks
3) M S Table
4) EPABX & telephones installed in factory
5) Trincular Stereo microscope
6) Grinding blocks for CNC grinder
Regards
Dear all,
In KVAT can we take input on 1) Moulds, 2)spares used in repair of plant and machinery
if yes,
what is time frame to take input credit. if spares are purchased in one financial year but due to error failed to claim input, can this input be claimed in the next financial year.
Sandeep
CAclubindia
