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Vat input on machinery accessoris

Others 864 views 2 replies

Please clarify me: 

Our client  is a manufacturer of Sofa & table , They are used to purchase a blades & machinery accessories to carry out production process smoothly.

Doubt: Whether manufacturer is eligible to claim VAT Input on purchase on machinery parts? If yes share me the Notification/provision

Thanks in advance  

Replies (2)

machinery and there part are treat as a capital goods so we can take credit of input tax as 1/3 from next f.y year in U.P. for notification please you tell me that your client is from which state

We are in karnataka

The life of machinery parts is hardly for a week. Frequently we are purchasing parts of machinery to carry out the production.

As the life of machinery part is very small, we are treating it as Consumables .

Doubt is whether we can we  claim Input VAT on machinery accessories? 


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