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Input credit of vat (plant & machinery)

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(Querist)
27 June 2014 WE WANT TO START OUR BUSINESS IN PUNJAB. WE HAVE PURCHASED PLANT & MACHINERY (OLD) FOR BUSINESS USE. THIS IS LOCAL PURCHASE (VAT PURCHASE). WE DO NOT HAVE TIN/CST NUMBER YET (NOT REGISTERED IN SALES TAX)

1.CAN WE TAKE INPUT CREDIT AFTER GETTING TIN/CST NUMBER.

2.IF YES, WHAT IS THE TIME LIMIT.

Kindly help.
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Vishnu Saboo

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Vishnu Saboo (Expert)
30 June 2014 i think for old machinery no ITC is available, you need to check ur state vat act for the same.
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Rupesh Jain

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Rupesh Jain (Expert)
30 June 2014 pls take TIn no before buying material .
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Vivek

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Vivek (Querist)
09 July 2014 Sir,

Is it compulsory to take TIN to take benefit of input credit? Please confirm.
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Vishnu Saboo

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Vishnu Saboo (Expert)
11 July 2014 without having TIN you are not eligible to avail ITC.

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