Frnds,
In a manufacturing concern the VAT paid on indirect expenses like stationery purchase or elecrical maintainance etc can be claimed as input credit?
pragadeeshkanna (searching) (281 Points)
11 May 2010Frnds,
In a manufacturing concern the VAT paid on indirect expenses like stationery purchase or elecrical maintainance etc can be claimed as input credit?
Somaas Kandan
(CA Final)
(385 Points)
Replied 26 May 2010
I think Input Credit can be taken for Electrical Maintenance but not for Stationery Purchases.
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