VAT Credit

Dear All Members

Can any one tell me that is there any definition of INPUT in VAT act  ????  If yes then please give any reference or section or whatever you think suitable.

And one another question , take a example that a plant is under commissioning now or it doesn'e started the production yet then whether all the VAT cerdit taken as a CAPITAL GOODS OR INPUT OR something else. ??????????

Replies (3)

Hello mr Sorabh,

As the definition of Input tax is Given under Section - 2 Subsection (1) clause (r) of  Delhi VAT act  2004, as far as ur secong qurey is concerned  whether project work is completed or not,

production on a particular project is started or not u can take Input Credit on the tax paid on the purchase of the goods in the same tax period in which u are purchasing the goods ,

Thanks & Regards

Raman Gora

 

1. Which State?

2. Under VAT you can claim the Input Tax Credit of taxes paid on purchases subject to Negative List and Restrictions under Local VAT Tax laws. There is no need that Goods must be consumed or sold - for entitlement of Input Tax Credit. Do remember that under VAT lawas there is now no distinction as Manufacturer,Reseller etc, so question of such things dont arise at all.

3. In some State VAT Laws ,  there is do mention of " Corrosponding Purchases " for Inout Tax Credit., but they are generally regarding other goods than Capital Goods.

Thats all for the present

Dear Sorabh,

                               VAT is State and definition of the Input VAT and VAT on Capital goods change state to state. please write me what is your problem in VAT and in which regard sothat i can help you my email id is sachinagarwalcallb @ gamil.com

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details