If I am registered for Service tax and Maha VAT and I buy a construction equipment (JCB) which has t be registered.
I will be buying it directly from manufacturer, not the dealer. I will be buying it against C-form and the invoice will have excise tax and CST @ 2%.
Will I get set-off for both Excise and Maha VAT (after I pay the entry tax of 10.5%, as MAHA VAT is 12.5% ).
Help required.