Vat input on Stores & Spares
Vinod Khakholia (CA Practice ) (20 Points)
08 August 2007
Whether VAT Input on Store & Spare can be avaibled under A.V.A.T .If yes how
1 Replies
madhusudan
(Professional)
(267 Points)
Replied 10 August 2007
Input tax credit is available on tax paid on goods which are to be used by him in manufacture. Since stores & spares are also used for the purpose of manufacture so it is entitled for input tax credit
Madhusudan
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