Credit
This query is : Resolved
28 December 2013
I Purchased machinery and paid VAT on it.
I am going to use machine for Providing Services.
I also have VAT sales.
Can I take credit of VAT paid on Machine ?
I am going to use machine for Providing Services.
I also have VAT sales.
Can I take credit of VAT paid on Machine ?
CA Hardik Bunha
(Expert)
28 December 2013
it is depend on which kind u r registered in your state.
if u r a manufacturer then u can take credit of vat paid on machinery. (ITC available only to manufacturer)
if u r a manufacturer then u can take credit of vat paid on machinery. (ITC available only to manufacturer)
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