punjab vat act- input on oil & lubricant


07 February 2011

1.how much input credit on purchase of oil & lubricant can be claimed by assessee ???
example- if purchase mobil oil at vat @ 12.5%
how much input credit can be taken by assessee ?????

2.what is rate of reversel of vat in case goods transfer to branch ?? plz give example ??

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