Reduction for Fuel Setoff - MVAT Rule 53(1)
This query is : Resolved
13 December 2007
Sir, Whether Gases (e.g. Co2, Oxygene) used for manufacturing (welding etc)will be termed as fuel ?
If yes Whether Reduction Rule to Apply for taking VAT set off on above Gases
If yes Whether Reduction Rule to Apply for taking VAT set off on above Gases
13 December 2007
If gas is used as fuel then set off *@ 3% is to be reduced U/r 53.
* Upto 04/04/2007 Reduction rate is 4%
* Upto 04/04/2007 Reduction rate is 4%
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