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Water pollution control

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Guest

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Guest (Querist)
13 January 2012 Pls, explain can i avail input vat credit for pur.of chemical for water pollution control equipment.

and how we treat these expenses at account in ledger.

Shall i treat these as capital increase?
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MJ Krishnamurthy

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MJ Krishnamurthy (Expert)
15 January 2012 Miss Latha,
In a manufacturing unit tax paid on purchase of water treatment chemicals are not allowed as ITC,because they are not used in processing or as inputs.
MJK

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