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Credit on Repairs & Maintainance

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 June 2010 Can anyne guide me whether VAT Cerdit is available on repairs & maintainance of Plant & Machinery? and on jobwork purchase?
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
07 June 2010 yES, YOU CAN TAKE VAT CREDIT ON REPAIR & MAINTAIANCE OF PLANT & MACHIENRY. IT IS DIRECT OR INDIRECT RELATED TO PRODUCTION OF OUTPUT.
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CA Shiv

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CA Shiv (Expert)
07 June 2010 Yes definately you can take in.. no problem in that
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