Vat query

Hi Kiran

Please specify the state and some other informations like nature of business and use of display stand etc.

Hi Anant we are in business of car care products in karnataka we purchased display stands to display our various products.

Dear

As per section 11(3) of Karnataka VAT Act,

Tax paid on goods including capital goods as specified in the Fifth Schedule and any other goods as may be notified by the Government or the Commissioner, purchased including when transferred in the execution of a works contract or put to use for purposes other than for re-sale.

I think your display is not for sale so input credit shall not be allowed.