17 February 2010
CAN A CONSTRUTION COMPANY HAVING ITS TIN NUMBER CAN CLAIM INPUT VAT CREDIT ON THE PURCHASE OF STEEL AND CEMENT FROM THE REGISTERED DEALER ONLY WHICH IS USED FOR CONSTRUCION (NOT OPTED ANY COMPOSITION SCHEME)
Yes, VAT Input Tax Credit can be claimable in Construction Company for purchase of Steel and Cement with registered dealers provided you are doing taxable sales with the state or outside the state.
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