Credit on VAT
This query is : Resolved
10 August 2010
Hello,
Whether Cenvat Credit is available to Manufacturer and Service Provider on Works Contract(8%) in Maharashtra State ? Further in what proportion(%) cenvat credit will be available to them ?
Thank You.
Whether Cenvat Credit is available to Manufacturer and Service Provider on Works Contract(8%) in Maharashtra State ? Further in what proportion(%) cenvat credit will be available to them ?
Thank You.
VINOD ARORA
(Expert)
10 August 2010
I suppose whatever paid above 4% VAT is allowed as input credit.
Better get more opinions.
Better get more opinions.
CMA Ramesh Krishnan
(Expert)
10 August 2010
Your query is confusing
you are asking CENVAT or Local VAT
Local VAT- Some state input is not available, some state can be taken
Under ST- Cenvat available for Work contractor
you are asking CENVAT or Local VAT
Local VAT- Some state input is not available, some state can be taken
Under ST- Cenvat available for Work contractor
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