whether a mfg concern can take a vat input of stationery purchased not related to its manufacturing
3 Replies
CA.Shaleen Srivastava
(CA , CWA*, Bcom(H))
(2004 Points)
Replied 03 August 2009
i think its not take input on offfice stationary not part of manufacturing process .....................
CA Ramesh Kr Verma
(Partner)
(138 Points)
Replied 16 August 2009
One cannot avail input tax credit on following-- (a) Sale of exempted goods (b) purchase of goods from outside the State (c) goods purchased in the course of business, but used for personal facility of proprietor, partner or director (d) goods damaged in transit (e) goods stolen, destroyed or lost (f) goods sold in the course of inter-state sale without support of C form (g) goods transferred to outside the State for sale either by branch or agent without support of Form F (h) goods returned. In your case the stationery is used by mfg concern for its own use.So no input tax credit can be taken. Regards, Ramesh Kr Verma
Recent Topics
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
- Rectification to decrease income in SCHEDULE OS
Related Threads
CAclubindia
