itc on consumables
This query is : Resolved
mohit khaitan
(Querist)
16 February 2011
i want to know whether itc on purchase of goods used as consumables for providing services can be claimed.
Madhukar N Hiregange
(Expert)
16 February 2011
Yes it can be availed to pay the service tax on taxable services provided that no abatement/ deduction for goods ( inputs) claimed.
Under VAT only that which is related to trade can be claimed.
Under VAT only that which is related to trade can be claimed.
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