Reporting in VAT Returns

[VIGNESH]

Sir. Import of building materials like Tiles, under VAT for own consumption, should it be reflected in VAT Returns?

[Ganeshan Kalyani]

In my view, yes, it has to be furnished.

[Ganeshan Kalyani]

VAT being State subject, respective State's VAT Law need to be checked.

[YAGAY andSUN]

You may depict in your VAT returns. However, such tiles will form part of Building. This way it will not enhance your purchases since it is for own consumption.

AI Summary

VAT reporting of imported building materials for own consumption should generally be disclosed; check applicable local VAT law. Import of building materials such as tiles acquired for own consumption should generally be disclosed in VAT returns, subject to the applicable local VAT law; when used as part of a building for own use they are treated as building/capital consumption and will not increase purchase figures for input tax recovery.