Input credit of vat of petrol or deseil
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 November 2011
is there input credit of VAT are available to manufacuting company of drugs for petrol or deseil used for machinary. under MVAT
29 November 2011
Mr. Author
Generally, as ageneral principle,vat paid on fuel used in generation of elctricity,or production work are allowed as input credit. VAT paid on fuel for vechicles used in business are not allowed input credit in all states.
MJK
Generally, as ageneral principle,vat paid on fuel used in generation of elctricity,or production work are allowed as input credit. VAT paid on fuel for vechicles used in business are not allowed input credit in all states.
MJK
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