Karnataka vat -input on machinery

Sudhir Lohar (Querist) 27 December 2015 This query is : Resolved
Respected Sir,
We had purchased machinery in Nov'14.Since the commercial production started in Nov'15,can we take the input from nov'15 return in the light of Sec 12(2).
sec 12(2) reads as below:
Deduction of input tax under this Section shall be allowed only after commencement of commercial production, or sale of taxable goods or sale of any goods in the course of export out of the territory of the India by the registered dealer.

We have not shown the capital purchases in VAT100 in nov'14 return and tax period of six months.

whether it is necessary to declare capital purchases in vat 100 in the tax period in light of sec 12 as the commercial production has not commenced.

Thanks Sudhir

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