We are the manufacturers ready mix concrete in karnataka. We have purchased the Transit Mixers (10 wheeler) which are used in transport of concrete to the cleints.
Can you suggest whether the transit Mixers bill vat amount take it as a input tax. Whther it is restrictabel capital goods to avail input tax?
Kindly suggest according to the Kar govt vat and tell if there is any notifications in this regard?
11 May 2009
Do the concrete mixers fall under motor vehciles or material handling equipment category. If under material handling the VAT amount should be admissible without doubt. If under MV then the issue may have to be examined in detail.
Its not a Motor Vehicle, Its a Goods Vehicles which carries the concrete to the client site and dump there. Our sale process is completes after the delivery to the cleints site only. So as a capital goods we have claimed the inputtax in the VAT 100. but at the time of audit from the dept they are not accepting the claim as they are saying it comes under the MV as its register under RTO. and asking to bring any notifications or ammendments which suports the claim then only we will accept other wise give the defference tax to the dept.
Dear sir its very urgent kindly sugest what steps we have to take to prove we are correct as per KVAT.
CAclubindia
