08 November 2014
We are a manufacturing concern situated in MP state, we have purchased material for Uniform for our staff under Vat. Can we take vat credit for the same?
08 November 2014
T credit can be claimed only for the purchases relating to manufacture, since uniforms provided to Employees cannot be treated as manufacturing usage, hence input cannot be availed, but there is a debatable point if its mandatory as per factory act.
CAclubindia
