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Vat Input Credit on Safety oriented Goods

VAT and Sales Tax - Started By: - vikram singh - Dated:- 22-10-2015 Last Replied Date:- 20-11-2015 - Dear Experts, I have some ambiguity regarding to takes the Vat Input on Safety oriented items. Can we takes Vat input on Safety oriented Goods (like:- refilling of Fire Extinguisher, Safety cloths etc.) using in Pharmacy Company ?Kindly suggest with your best judgment..Thanks & RegardVikram - Reply By PARTHASARATHY V - The Reply = You can't take VAT credit for the Safety Equipment's o .....

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against all compliance regarding to Pharma company. I had this point in my mind....RegardVikram. - Reply By PARTHASARATHY V - The Reply = Dear Vikram, As per the VAT act we have to fulfil certain conditions to take VAT Credit (Bellow is extract of TNVAT ACT 19(2) You can refer your respective state. Input tax credit shall be allowed for he purchase of goods made within the state from a registered dealer and which are for the purpose of :- (i) re-sale by him within the state ; or (ii) use as inp .....

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