Cement purchased against c form
This query is : Resolved
30 October 2012
Sir pls tell me if we purchases cement against C form can there is any penalty under M.Vat act
30 October 2012
There will be no penalty if cement is purchased for
a) Resale
b) Use in manufacturing/processing of goods for sale
c) Use in mining
d) Use in generation/distribution of power
e) Use in packing of goods for sale/resale
f) Use in telecommunication network.
Otherwise penalty will be imposed.
a) Resale
b) Use in manufacturing/processing of goods for sale
c) Use in mining
d) Use in generation/distribution of power
e) Use in packing of goods for sale/resale
f) Use in telecommunication network.
Otherwise penalty will be imposed.
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