vat

Querist : Anonymous (Querist) 14 June 2010 This query is : Resolved
i have a manufacturing unit of sports garments in uttar pradesh and if i install coolers, water coolers, generators, computers, printers, in my factory. all these capital goods are used in my factory coolers for the machines as the motors otherwise will get get too heated, computer printers for designing the clothing and generator for our electricity needs as there is none with the government ....so can i claim vat on these equipments under ITC

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sanjeev kumar goel (Expert) 15 August 2010
in U.P. ITC on capital goods is granted only to the manufacturers and only on those items which are used in the process of manufacture otherwise ITC on these goods is not admissible. so for claiming ITC on capital goods you have to satisfy your assessing authority that these goods are meant for manufacturing the sports garments and are used in manufacturing process. Otherwise ITC on these capital goods will not be available.

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