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entry for purchase of consumable

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(Querist)
07 September 2010 hello friends,
for purchase of consumable items following entry is passed by a ltd company.

consumables a/c--------dr
vat a/c----------------dr
To Party A/c

my query is since vat credit is not allowed on consumables items is this treatment correct??

please clarify
thanx in advance
my id abhipcc@rediffmail.com
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
08 September 2010 Input vat on consumable Items related to Manufacturing of Goods/ reparing of Machinery is allowed for credit.

Entry is ok
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nilesh kshirsagar

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nilesh kshirsagar (Expert)
08 September 2010 ya its ok
but be specific for vat matching
expample

Consumables 4% a/c dr 100

input vat 4% A/c dr 04


to Party 104
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