whether a mfg concern can take a vat input of stationery purchased not related to its manufacturing
CA.Shaleen Srivastava
(CA , CWA*, Bcom(H))
(1999 Points)
Replied 03 August 2009
i think its not take input on offfice stationary not part of manufacturing process .....................
CA Ramesh Kr Verma
(Partner)
(138 Points)
Replied 16 August 2009
One cannot avail input tax credit on following-- (a) Sale of exempted goods (b) purchase of goods from outside the State (c) goods purchased in the course of business, but used for personal facility of proprietor, partner or director (d) goods damaged in transit (e) goods stolen, destroyed or lost (f) goods sold in the course of inter-state sale without support of C form (g) goods transferred to outside the State for sale either by branch or agent without support of Form F (h) goods returned. In your case the stationery is used by mfg concern for its own use.So no input tax credit can be taken. Regards, Ramesh Kr Verma
CAclubindia
