Tax Invoice
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 June 2010
Hi
Repsected Members
Right now i am doing statutory audit of Public limited which is engaged in Manufacturing.
Now the case is i found that printing and stationary exp. made on TAX INVOICE basis
I feel that input vat paid on such stationary should be claim, but my C.A. told me that such item not used directly in production so credit can' be claimed.
Now i want to know whether My C.A. Committment is correct or not?
Please Reply
thanks
In advance
Repsected Members
Right now i am doing statutory audit of Public limited which is engaged in Manufacturing.
Now the case is i found that printing and stationary exp. made on TAX INVOICE basis
I feel that input vat paid on such stationary should be claim, but my C.A. told me that such item not used directly in production so credit can' be claimed.
Now i want to know whether My C.A. Committment is correct or not?
Please Reply
thanks
In advance
29 June 2010
Your C.A is correct, Printing and stationery items we cannot take input vat
Guest
Guest
(Expert)
29 June 2010
Agreed
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