VAT INPUT TAX CREDIT
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 September 2010
A manufacturer has purchased plant and machinery of Rs.50,00,000/-. The manufacturer has made foundation of cement, sand, grit, kapchi for installation of plant and machinery and spent Rs. 5,00,000/-. Further the manufacturer has also incurred expenditure towards electrification. The manufacturer has capitalized expenditure of installation and electrification and debited to machinery account. Whether Input Tax Credit is available on Installation and Electrification expenditure?
29 September 2010
Input Tax Credit is available on Installation
No input credit allowed on electrification
No input credit allowed on electrification
24 October 2010
In Maharashtra input vat credit is available on electrification work.
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
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- GST Regis.
- Tds on building rent monthly
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- RCM INVOICING FROM NOV-2024
- Individual capital equal to which assets of balance sheet
- 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
