Construction company
This query is : Resolved
24 June 2014
VAT PAID ON SAFETY GLOVES, SHOES PURCHASED FOR USE AT THE CONSTRUCTION SITE ARE ELIGIBLE FOR INPUT CREDIT OR NOT?
IF ELIGIBLE PLEASE PROVIDE THE SECTION
IF ELIGIBLE PLEASE PROVIDE THE SECTION
25 June 2014
Input VAT can be claimed only when the subjected input shall be resulted in output VAT.
Here, in your case, there is no output VAT generated by purchase and use of safety gloves, shoes etc. Hence it is not eligible.
Here, in your case, there is no output VAT generated by purchase and use of safety gloves, shoes etc. Hence it is not eligible.
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