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Vat input credit

VAT (Legacy) 307 views 2 replies

Hi,

 

Can we take Vat input credit on trial materials?

Replies (2)

DEAR SIR 

IF YOU HAVE USED OF TRIAL MATERIAL FOR GOODS PRODUCTION AND MAKE PAYMENT TO SUPPLYER THAN YOU CAN TAKE VAT INPUTE CREDIT ,

OTHERWISE CAN NOT TAKE 

 

Ineligible purchases for input VAT credit as per TNVAT

 1. Made From unregistered dealers

 2. Made From other states (interstate purchases)

 3. Made From registered dealers opted for composition scheme

 4. Of non-creditable goods

 5. Made from outside the territory of India

 6. Of goods used in the manufacture of exempted goods

 7. Made from the dealer, where his invoice doesn’t show the tax amount charged separately

 8.  Of goods meant for personal use

 9. Where there is no evidence or absence of invoice

 10. Of capital goods where credit is available in parts.

 11.  Of goods to be used as fuel in generation of power


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