Vat Input credit

This query is : Open

varun gupta (Querist)
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15 May 2009 Hi,

Plz let me know that can a Leather Manufacturing company having Factory at ground floor & office at first floor take VAT input credit during following purchases:

a)Vat paid on Purchase of steel & iron for consturction of factory.
b) Vat paid on purchase of cement & other building material for construction.
c) Vat paid on purchase of Air Conditioner for Factory/Office.
d) Vat paid on purchase of wood & plywood for construction of Almirah in the office.

Thanks in advance.

CA Parvin Ahuja

CA Parvin Ahuja (Expert)
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15 May 2009 Under Delhi Value Added Tax Act you can claim input credit for capital items in 3 years i.e 1/3rd each year.

varun gupta

varun gupta (Querist)
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15 May 2009 Thanks Parvin.But i still have some doubt:
a) Will input credit be claimed for all such fixed assets purchased by company?
b) Is the treatment same under Haryana Vat & UP Vat?

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