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Tax Invoice

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Querist : Anonymous

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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
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
29 June 2010 Your C.A is correct, Printing and stationery items we cannot take input vat
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Guest

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Guest (Expert)
29 June 2010 Agreed
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