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Itc on purchase of repaire component of plant & machinery

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(Querist)
23 January 2012 i want to know that is input vat tax credit is avialable for puchase of repaire components of plant and machinery used for production ????
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CA. Hari Kishan

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CA. Hari Kishan (Expert)
29 January 2012 Input tax credit is allowed on spares purchased for machinery used in the production of a taxable good.
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