Comments on: All about Input Tax Credit Under VAT http://www.etaxindia.org/2009/06/all-about-input-tax-credit-under-vat.html Fri, 12 Mar 2010 06:23:10 -0700 hourly 1 By: VENKATAKRISHNAKUMAR http://www.etaxindia.org/2009/06/all-about-input-tax-credit-under-vat.html#comment-1859 VENKATAKRISHNAKUMAR Fri, 19 Feb 2010 07:31:58 +0000 http://etaxindia.org/?p=186#comment-1859 sir we are manufacturers of power transformers we purchase other items that are not related to power transformers, whether we can claim the vat or not kindly do the needful rdgs venkat sir

we are manufacturers of power transformers we purchase other items that are not related to power transformers, whether we can claim the vat or not

kindly do the needful

rdgs
venkat

]]> By: krchandra http://www.etaxindia.org/2009/06/all-about-input-tax-credit-under-vat.html#comment-1705 krchandra Wed, 10 Feb 2010 11:46:25 +0000 http://etaxindia.org/?p=186#comment-1705 is there vat for icecream products is there vat for icecream products

]]> By: Binoy http://www.etaxindia.org/2009/06/all-about-input-tax-credit-under-vat.html#comment-1595 Binoy Tue, 02 Feb 2010 16:38:07 +0000 http://etaxindia.org/?p=186#comment-1595 Hi, is ITC available in Kerala and Motor car purchase is included in the ITC applicable items? When I try to foreclosue my car lease, the financier charges me VAT on the foreclosure value. I have already paid VAT for the car at the time or purchase. Any suggestions would be appreciated Thanks Hi,

is ITC available in Kerala and Motor car purchase is included in the ITC applicable items? When I try to foreclosue my car lease, the financier charges me VAT on the foreclosure value. I have already paid VAT for the car at the time or purchase.
Any suggestions would be appreciated

Thanks

]]> By: Kodanda Pani http://www.etaxindia.org/2009/06/all-about-input-tax-credit-under-vat.html#comment-1571 Kodanda Pani Sat, 30 Jan 2010 11:40:56 +0000 http://etaxindia.org/?p=186#comment-1571 i have a manufacturing unit at andhra pradesh and i have a branch office at Karnataka i purchased some of the inputs from Karnataka bill in the branch address and vat credit is taken at branch and the same material is transfered to Manufacturing Unit at Andhra Pradesh under branch transfer. Our Finished goods are also transfered from Andhra Pradesh to Karnataka Branch for sale I am setoff the vat credit on purchase to our finished goods vat please commnent the correctness regards Kodanda Pani.G i have a manufacturing unit at andhra pradesh and i have a branch office at Karnataka i purchased some of the inputs from Karnataka
bill in the branch address and vat credit is taken at branch and the same material is transfered to Manufacturing Unit at Andhra Pradesh under branch transfer. Our Finished goods are also transfered from Andhra Pradesh to Karnataka Branch for sale
I am setoff the vat credit on purchase to our finished goods vat
please commnent the correctness
regards
Kodanda Pani.G

]]> By: C.Bhaskar http://www.etaxindia.org/2009/06/all-about-input-tax-credit-under-vat.html#comment-1485 C.Bhaskar Mon, 25 Jan 2010 06:58:23 +0000 http://etaxindia.org/?p=186#comment-1485 Whether warehouse can avail input credit for the material purchased and transfered to its head office situated at outside the state, if so under what section. Whether warehouse can avail input credit for the material purchased and transfered to its head office situated at outside the state, if so under what section.

]]> By: C.Bhaskar http://www.etaxindia.org/2009/06/all-about-input-tax-credit-under-vat.html#comment-1469 C.Bhaskar Sun, 24 Jan 2010 05:41:40 +0000 http://etaxindia.org/?p=186#comment-1469 Thanks for updating with input credit. I Have a question please clarify. we are registered under Karnataka vat and where we have a warehouse and our manufacturing unit is at Tamilnadu registered under TNVAT. Question is can our wherehouse located at karnataka purchase the raw material and transfer the same to head office situated at Tamilnadu and avail the input credit, if so under what section. Thanks for updating with input credit. I Have a question please clarify.

we are registered under Karnataka vat and where we have a warehouse and our manufacturing unit is at Tamilnadu registered under TNVAT.

Question is can our wherehouse located at karnataka purchase the raw material and transfer the same to head office situated at Tamilnadu and avail the input credit, if so under what section.

]]> By: rajendra lalchandani http://www.etaxindia.org/2009/06/all-about-input-tax-credit-under-vat.html#comment-1200 rajendra lalchandani Sat, 02 Jan 2010 07:39:03 +0000 http://etaxindia.org/?p=186#comment-1200 Whether input tax credit will be available for fuels used in production of final products , such as oxygen and acetylene gas. Whether input tax credit will be available for fuels used in production of final products , such as oxygen and acetylene gas.

]]> By: jaydeep http://www.etaxindia.org/2009/06/all-about-input-tax-credit-under-vat.html#comment-886 jaydeep Wed, 02 Dec 2009 14:38:54 +0000 http://etaxindia.org/?p=186#comment-886 The dealer deals in sales only Fish in local Gujarat and also Exports out side country. Fish is a tax free item under vat law applicable in Gujarat.So the dealer is not liable to pay vat tax. Dealer purchases packing material from local dealers in gujarat and the purchase of packing material is tax paid. The vat rate is 4+1=5% vat paid by the dealer on packing material purchase and tax invoice received by the dealer. I want to know that Can dealer claim input vat credit paid on packing material purchase in vat return?.if yes which section is applicable under the vat act in Gujarat.and can dealer claim refund of input vat from vat department. The dealer deals in sales only Fish in local Gujarat and also Exports out side country. Fish is a tax free item under vat law applicable in Gujarat.So the dealer is not liable to pay vat tax.
Dealer purchases packing material from local dealers in gujarat and the purchase of packing material is tax paid. The vat rate is 4+1=5% vat paid by the dealer on packing material purchase and tax invoice received by the dealer.
I want to know that Can dealer claim input vat credit paid on packing material purchase in vat return?.if yes which section is applicable under the vat act in Gujarat.and can dealer claim refund of input vat from vat department.

]]> By: P.Renganath http://www.etaxindia.org/2009/06/all-about-input-tax-credit-under-vat.html#comment-233 P.Renganath Mon, 21 Sep 2009 13:26:01 +0000 http://etaxindia.org/?p=186#comment-233 Under Karnataka VAT Act, Whether entry tax on capital equipment can be taken as input tax credit against my output tax liability on VAT. Under Karnataka VAT Act, Whether entry tax on capital equipment can be taken as input tax credit against my output tax liability on VAT.

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