Vat credit on plant & machinery
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 July 2013
WHETHER VAT CREDIT ON PLANT PURCHASE IS ELIGIBLE IF MANUFACTURER ALSO DO JOB WORK ?
31 July 2013
YES. IT IS ELIGIBLE.
04 August 2013
The question is not clear. If a manufacturer is buying a plant which satisfies the related conditions,then, it is eligible for availing the input credit.If that manufacturer is doing only job work with that machine/plant-although he is otherwise a manufacturer and a tax payer-credit of the input tax paid can not be availed.Such purchased plant/machinery should produce taxable goods or aid such work like supplying electricity etc....mjk
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Sale of property furniture sale
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Tds on building rent monthly
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
