VAT CREDIT ON CONSUMABLES STORES

[Amit Kejriwal]

Hi,

I wanna to know whether we can take vat credit on Consumable used for Providing Services. The unit is charging a service tax on the bill. Is Unit can availed the Input Vat credit for Consumables Stores Items Used in Providing Services. If yes the specify the Circular no/Notification No/Relevant Section.

Thanks & Regards

Amit Kejriwal 

[YAGAY andSUN]

VAT is the subject matter of the State and Service Tax is of Centre, How both tax laws are connected?

AI Summary

Can VAT credit be claimed on consumables used in services with service tax charges? Understanding the tax distinction. A user inquired whether VAT credit can be claimed on consumables used for providing services, noting that the unit charges service tax on the bill. They requested specific circulars or sections for reference. The response highlighted the distinction between VAT, governed by state laws, and service tax, governed by central laws, questioning the connection between the two tax systems.