Can we take input on packing material and consumable stores?
VAT input
(Guest)
sitaram
(Executive Accounts)
(136 Points)
Replied 16 December 2008
YES
YOU CAN TAKE DEFINATELY VAT INPUT CREDIT ON PACKING & CONUMABLES AND ALSO DEBITED TO YOUR PROFIT & LOSS A/C EXPENSES IN MAHARASHTRA.
Regards
Sitaram Kubal
MAYUR JOSHI
(Chartered Accountant )
(125 Points)
Replied 18 December 2008
YES, You can take credit of Vat on Purchase of Packing Material and Stores & Spares used as consumable items.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
CAclubindia
