Vat benefit items procured from govt

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Dear Expertz,

We purchased Electrical Transformer from APTRANSCO, VAT charged by APTRANSCO and also we are procuring some WOOD from Forest dept., VAT charged by forest dept., the both are not having TIN no.

please clarify can we claim ITC benefit on above purchases?

Replies (3)

Mr Satya,

  APTRANSCO is a public sector company and they must be having a TIN no.Forest departments in each state keep selling many forest products in auction.They collect vat in all such sales.Similarly all state and central govt departments,corporations,civic bodies and PSUs have been directed to collect vat and st as applicable in their invoices.None of them have any vat or cst registrations.The invoices issued by them will be enough to claim ITC.But,this ITC claim is possible for only within the state buyers and not interstate customers.....mjk

Dear Sir,

Thank you very much for your reply,

we are from Andhra Pradesh, our local authorities are denying ITC on the above purchases saying without TIN no you cannot claim ITC benefit.

Please advise how can we protest our ITC on the above?

Thanks in advance.

 

GST Bill was passed in Lok Sabha on 6th May, 2015. The concept of GST in India has been mooted and evolved for over a decade now. With the GST Bill passing the Lok Sabha, it is now slated to be presented to the Rajya Sabha. Once cleared by the Rajya Sabha, the Bill would set in motion the rollout of GST in April, 2016, transforming India’s indirect taxation system. In this article, we review some of the major advantages of GST implementation in India for startups and small businesses.

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