Dear All,
Good Day

We are Delhi based Company and having factory at Gurgaon(Haryana).

We are purchasing Raw Material from Delhi Vat Dealers at @4% Vat and the same raw maerial is transferrd to our gurgoan factory for manufacturing puporse.

Can we take 100% benefit of Input tax or some restricted amount.

Please describe in detail the procedure.

Thanks
b'regards
Saran

I would like to put forward my query to the experts here...

Before that a little breif about the nature of work.

We are Iron & Steel Forging firm, where basically Iron Ingots (purchased & provided by the principals) are hammered and given the desired shape on job work/conversion. Here it is to be remembered that we are not adding any material to the product, we are just processing it. And forging is one of the processes in the manufacture of the final output.

My query is whether we are liable or get covered under VAT Act?

Thanks in anticipation for the replies!

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