Sir. Import of building materials like Tiles, under VAT for own consumption, should it be reflected in VAT Returns?
Reporting in VAT Returns
VIGNESH
Discussion on Reporting Imported Building Materials for Personal Use in VAT Returns: Diverse Opinions Highlight State Law Variations. A query was raised regarding whether the import of building materials like tiles for personal use should be reported in VAT returns. One respondent affirmed that it should be included, highlighting that VAT is subject to state laws and should be checked accordingly. Another respondent suggested that while the tiles can be depicted in VAT returns, they will become part of the building and will not increase purchase figures since they are for personal consumption. (AI Summary)