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VAT credit

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(Querist)
18 June 2011 Can a manufacturing company take VAT credit for the bricks purchased to be used in construction of Plant
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MJ Krishnamurthy

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MJ Krishnamurthy (Expert)
19 June 2011 Mr G Gopal
If you are using the bricks to construct a wall of a company then it is coming under 5th schedule and it is not permitted to avail the VAT credit paid on such purchases.
MJK

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