Vat Input Credit on Safety oriented Goods

[vikram singh]

Dear Experts,

I have some ambiguity regarding to takes the Vat Input on Safety oriented items. Can we takes Vat input on Safety oriented Goods (like:- refilling of Fire Extinguisher, Safety cloths etc.) using in Pharmacy Company ?

Kindly suggest with your best judgment..

Thanks & Regard

Vikram

AI Summary

Debate on VAT Input Credit for Safety Gear: Experts Cite Restrictions, Others Reference Permissive Court Judgments. A participant in a discussion forum raised a query about the eligibility of VAT input credit on safety-oriented goods, such as fire extinguisher refills and safety clothing, used by a pharmaceutical company. An expert responded that VAT credit cannot be claimed on these items as they do not qualify as input or capital goods under the VAT Act, and taking credit could lead to penalties. Another participant agreed with this view, while another mentioned that there are court judgments allowing input tax credit (ITC) on safety equipment. The discussion highlighted differing interpretations and the need for careful analysis of VAT provisions.