input credit allowed or not ??
This query is : Resolved
CA Abhishek Singh
(Querist)
17 March 2011
one of our client makes noodles from maida. he purchases maida on which vat is charged. from maida he makes noodles. he collects vat on sale of noodles.
my question : can he avail input credit of vat paid on purchase of maida?
my question : can he avail input credit of vat paid on purchase of maida?
18 March 2011
Yes he will get input credit
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