VAT

Stat Audit 792 views 3 replies

whether a mfg concern can take a vat input of stationery purchased not related to its manufacturing

Replies (3)

i think its not take input on offfice stationary not part of manufacturing process .....................

No. It cannot be

 

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


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register