Vat input credit ag capita goods in andhra pradesh

This query is : Resolved

CA AMIT GANGWAL (Querist)
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13 December 2012 Pls note that we are having manufacturing unit at Sangareddy, Hyderabad and starting manufacturing activity from 20th December 2012 and purchasing Building material, Electrical equipment, Plant and Machinery, utility, spare parts, etc under VAT & CST

Purchases are;
CST @ full tax
Against C-Form,
Against VAT

Now query is;
1. Against VAT Building and construction material can we take VAT credit as Input VAT
2. Against VAT Plant and Machinery and utility, spare parts, accessories, can we take VAT credit as Input VAT
3. After start our commercial production, stores & spare purchase under VAT, credit can be taken or not.
If yes what is the procedure.

Further query, while filing the online CST return, where to furnish the details for total purchase against CST with full tax or against C- Form or whatever.

CA Dileep Surya Kumar

CA Dileep Surya Kumar (Expert)
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13 December 2012 As per APVAT Rule ,2005

See Rule.20(2)

1.You cannot claim an input tax credit for building and constructions material.

2.You can take credit for Plant and Machinery etc.

3.You can take credit for stores & spares.

You must have an original tax invoice to substantiate a claim for input tax credit.

When you complete your VAT return each month you can claim an input tax credit on that return.