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Input tax credit on Air-Compressor

This query is : Resolved 
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(Querist)
03 September 2010 Dear Experts


Can we take input tax credit on purchase of Air-Compressor for plant purpose.

Tell me Please
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
03 September 2010 Yes, can be taken, please refer your state VAT act
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