MVAT for power generation unit
This query is : Resolved
17 May 2010
Applicablity of MVAT for power generation units?
Can they claim setoff?
Can they claim setoff?
18 May 2010
Dear Deepak,
as per Power generation units under MVAT it is covered under Schedule A which is the NIL rate of tax. Where there is no taxability of such goods and we cannot setoff against your claim.
Regards,
Bala
as per Power generation units under MVAT it is covered under Schedule A which is the NIL rate of tax. Where there is no taxability of such goods and we cannot setoff against your claim.
Regards,
Bala
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