1) VAT41 TDS CERTIFICATE OF 2014-15 MANUAL
MISPLACED, LOST. TRUE COPY ALONG WITH AFFIDAVIT AND FIR COPY SUBMITTED.
DEPARTMENT IS NOT GIVING CREDIT OF TDS VAT41.
2) IN CONTRACTORS CASE, WE HAVE
FILED TRANS 1 CLAIMING INPUT CREDIT OF VAT PAID ON PLANT AND MACHINERY
(EXCAVATORS, DUMPERS) PURCHASED DURING THE PERIOD 1.7.2016 TO 30.6.2017. THE
CONTRACTOR IS DOING ALL WORK UNDER EXEMPTION SCHEME OF WORKS CONTRACT.
IN WORKS CONTRACT CASE, WHETHER
EXCAVATORS, DUMPERS ARE CAPITAL GOODS OR NOT?
DOES VAT PAID ON EXCAVATORS, DUMPERS
PURCHASE ELIGIBLE AS INPUT TAX CREDIT.
KINDLY CLERIFY MY TWO QUERIES.
Reply:
Dear Sir,
1) In this
case, to avail the benefit of credit of
TDS, you can request to the concerned department for issuing
duplicate VAT 41 TDS certificates.
2) In GST
EXCAVATORS, DUMPERS and other equipment are considered as capital goods, and if
a contractor has purchased the said equipment after implementation of GST,
input tax credit is available for the said purchase. Since you have purchased
the said equipment before implementation of GST, you can avail the benefit of
input credit of VAT paid on purchase of plant and machinery under section
140(3).