https://www.taxtmi.com/forum/issue?id=110962 Forklifts used inside a manufacturing plant have been judicially classified as motor vehicles rather than as capital goods or plant and machinery. Because VAT excludes vehicles from input tax credit, input tax credit on forklifts is not allowable. If credit was taken, it must be repaid with interest and possible penalties, subject only to any administrative leniency. en-us Sun, 25 Sep 2016 12:23:29 +0530 Thu, 23 Jan 2025 15:56:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110962 Forklifts used inside a manufacturing plant have been judicially classified as motor vehicles rather than as capital goods or plant and machinery. Because VAT excludes vehicles from input tax credit, input tax credit on forklifts is not allowable. If credit was taken, it must be repaid with interest and possible penalties, subject only to any administrative leniency. Discussion-Forum VAT / Sales Tax Sun, 25 Sep 2016 12:23:29 +0530 https://www.taxtmi.com/forum/issue?id=110962