Input credit for VAT paid on construction of building

This query is : Resolved 

13 June 2009 If a company purchases Cement or other such material for construction/expansion of its factory and office building, is it eligible to take Input Credit for same?

13 June 2009 Normally under the local VAT laws the restriction if any is to be examined. In Karnataka the input credit would not be available as it is resitricted.

In my view keeping the principels of avoiding cacading effect of duties this restriction is not proper. Hopefully when GST comes this wouldbe addressed.

13 June 2009 Agree with Shri Madhukar ji




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries