Input credit
This query is : Resolved
04 September 2015
Facts of the case: ABC is a FMCG company in the manufacturing FMCG goods. It has its own logistics division for supply of goods from units to depots or from supplier factory of supplier till factor of the company . It purchases stores for repairs and maintenance of the truck/tankers used for the purpose of transport of Raw-material and Finished Goods.
Question: Can the company avail input tax credit of the VAT charged by the supplier
Question: Can the company avail input tax credit of the VAT charged by the supplier
Vishnu Saboo
(Expert)
08 September 2015
normally ITC on vehicle or spares of vehicle are not admissible. you should refer state law act
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