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Input tax credit

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 October 2012 Can a trading concern avail the input tax credit on rent,telephone,insurence .if so at what rate can i avail 100 % of tax so paid
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CA. Jatin Gupta

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CA. Jatin Gupta (Expert)
16 October 2012 only a trading concern cannot avail input tax credit. Need to be an output service provider or must be use in relation to manufacture of product.

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