Dear All,
Can we take input vat credit on hydraulic oil & cutting oil used in Machinery ( Consumable Goods ) for production.
plz advice the same if any reduction in input credit?
Sachin Waje (Taxation Executive) (102 Points)
28 November 2011Dear All,
Can we take input vat credit on hydraulic oil & cutting oil used in Machinery ( Consumable Goods ) for production.
plz advice the same if any reduction in input credit?
Sachin Waje
(Taxation Executive)
(102 Points)
Replied 28 November 2011
| Originally posted by : Sachin Waje | ||
 |
Dear All, Can we take input vat credit on hydraulic oil & cutting oil used in Machinery ( Consumable Goods ) for production. plz advice the same if any reduction in input credit? |
 |
RAJU
(LEARNER)
(1089 Points)
Replied 28 November 2011
Hi
In Karnataka, conumables & parts of machinery are treated in par with regular inputs... So there will not be any special treatment of items mentioned in the query......
Megha Arora
(Asstt. Manager )
(36 Points)
Replied 09 July 2015
what about input credit on hydraulic oil in uttrakhand state ??
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