can input vat can be availed

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input vat can be availed on only those products which are further sold or on those products also which are used in administrative expenses eg. telephone wire purchased 1160 vat14% 163 TOTAL 1323 for REPAIR and MAINTAINANCE.

AI Summary

Clarification Sought on Input VAT Eligibility for Administrative Expenses; Business Nature Crucial for Accurate Assessment A query was raised regarding whether input VAT can be availed on products used in administrative expenses, such as telephone wire purchased for repair and maintenance, or only on products that are further sold. The response indicated that to provide a definitive answer, the nature of the business must be known. The discussion took place over several months, with the initial query posted in May 2015 and the last reply in December 2015.