Input tax credit

This query is : Resolved

kishan rathor (Querist)
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30 August 2012 Is vat credit available on purchase of following items by an authorized service station:
a) Lubricant oil , grease
b) Paint
c) other consumable
However service station does not charge these items separately in Job bills.

For eg. In case of body repair of a car , denting & painting charges are charged from customer as labor charges but paint used in denting & painting not shown separately.

Plzzzzzzzzzzzz help me....

Prakash Kochar

Prakash Kochar (Expert)
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30 August 2012 If the goods are used in work contract liable for tax under MVAT Act, subject to rule 53(6)and 54(d)dealer will be entitle for credit of input tax paid on purchases.