Whether following are Input

 

Raw Materials

Yes, as it is used in manufacture of final product

However, if it is covered in exception, then no input

 

Consumables

These are goods which are consumed in production and hence are not present in final product

 

Packing Materials

Yes, used for packing manufactured product

 

Accessories

Yes as they are provided free of cost with the finished products

 

Goods supplied under Waranty

Yes, as it used for packing final product

 

Goods supplied under Extended Waranty

No, it is not related to finished product

 

Car stereo purchased by Car manufacturer and supplied free of cost with Car

It is supplied free of cost with finished product, hence input available

 

Raw Material Used in Lab Test

Yes, lab test is important for manufacture of final product

 

Goods purchased for trading

No, it is coverediIn exception

 

Purchase of cement and steel for construction of building

No, it is covered in exception

 

Diesel used in Generator

Though it is used in Generator, still input not available as it is a motor spirit

 

Chemical used in Generator

If it is used for gernerating electricity for captive use, then available

 

Goods used for Trial Run

Trial Run also part of manufacture, hence input available

  1. Indirect Tax
  2. Cenvat Credit
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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides GST Training in Delhi. Register now.