banner_ad

VAT set off for RMC input materials

3359 views 7 replies

Hi,

My queries might sound bit trivial as I am new to this domain.

Our company (a Mumbai based developer) has entered into contract with ACC to set up their RMC plant on our site. My queries are

a) What is the VAT % for RMC input construction materials (e.g. cement, sand, aggregates)? Is ACC eligible to get a full set-off for this VAT? 

b) We pay 12.5% VAT on RMC. Is there any mechanism for getting a set off for this?

c) I read somewhere that RMC is an excisable product (8%). What is the implication of this to the developer as well as to the vendor(say, ACC)?

thanks,

Som

Replies (7)
Originally posted by :som
" Hi,
My queries might sound bit trivial as I am new to this domain.
Our company (a Mumbai based developer) has entered into contract with ACC to set up their RMC plant on our site. My queries are
a) What is the VAT % for RMC input construction materials (e.g. cement, sand, aggregates)? Is ACC eligible to get a full set-off for this VAT? 
b) We pay 12.5% VAT on RMC. Is there any mechanism for getting a set off for this?
c) I read somewhere that RMC is an excisable product (8%). What is the implication of this to the developer as well as to the vendor(say, ACC)?
thanks,
Som
"

Originally posted by :som
" Hi,
My queries might sound bit trivial as I am new to this domain.
Our company (a Mumbai based developer) has entered into contract with ACC to set up their RMC plant on our site. My queries are
a) What is the VAT % for RMC input construction materials (e.g. cement, sand, aggregates)? Is ACC eligible to get a full set-off for this VAT? 
b) We pay 12.5% VAT on RMC. Is there any mechanism for getting a set off for this?
c) I read somewhere that RMC is an excisable product (8%). What is the implication of this to the developer as well as to the vendor(say, ACC)?
thanks,
Som
"


 

Originally posted by :som
"

Assessee can setoff the input tax (VAT on Inputs) against the VAT payable against the sale of goods as long as the output is sold. In case the goods are damaged or stolen then the input tax is to be reversed. So ACC can claim the VAT on the purchase of materials and setoff the same against the sale.

    

 

 

 

Hi,
My queries might sound bit trivial as I am new to this domain.
Our company (a Mumbai based developer) has entered into contract with ACC to set up their RMC plant on our site. My queries are
a) What is the VAT % for RMC input construction materials (e.g. cement, sand, aggregates)? Is ACC eligible to get a full set-off for this VAT? 
b) We pay 12.5% VAT on RMC. Is there any mechanism for getting a set off for this?
c) I read somewhere that RMC is an excisable product (8%). What is the implication of this to the developer as well as to the vendor(say, ACC)?
thanks,
Som

"


 

Originally posted by :som
"

Assessee can setoff the input tax (VAT on Inputs) against the VAT payable against the sale of goods as long as the output is sold. In case the goods are damaged or stolen then the input tax is to be reversed. So ACC can claim the VAT on the purchase of materials and setoff the same against the sale.

    

 

 

 

Hi,
My queries might sound bit trivial as I am new to this domain.
Our company (a Mumbai based developer) has entered into contract with ACC to set up their RMC plant on our site. My queries are
a) What is the VAT % for RMC input construction materials (e.g. cement, sand, aggregates)? Is ACC eligible to get a full set-off for this VAT? 
b) We pay 12.5% VAT on RMC. Is there any mechanism for getting a set off for this?
c) I read somewhere that RMC is an excisable product (8%). What is the implication of this to the developer as well as to the vendor(say, ACC)?
thanks,
Som

"


 

OK EVEN WE ARE FACING THE SAME PROBLEM


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
03 May 2026
Senior Chartered Accountant

Nirmal Jain & Co

New Delhi

CA

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details