Vat input credit
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....at input credit<br> Query (Issue) Started By: - chandrashekhar bathini Dated:- 12-2-2016 Last Reply Date:- 13-2-2016 VAT + CST<br>Got 2 Replies<br>VAT / Sales Tax<br>Dear sir, A company providing co....
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....nstruction services in Telangana(construction of building ) and is paying wok contract tax @5% on 70% of the contract value shall we take the input vat credit on purchases made(cement,steel,concrete....
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.... mixer,consumable stores)against work contract tax. Reply By Ganeshan Kalyani: The Reply: Sir the credit is certainly not allowed. Department generally rejects the claim of input vat used in works co....
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....ntract service. Reply By YAGAY AND SUN: The Reply: Dear Chandrashekhar, Please check para 14 (i) of the appended link which enumerates that Any inputs used in construction or maintenance of any buil....
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....dings including factory or office buildings, unless you are in the business of executing works contracts. https://www.tgct.gov.in/tgportal/AllActs/APVAT/docs/Leaf/LEAF-1.pdf Regards, YAGAY and SUN ....
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