Tn vat -input credit for petroleum companies
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 February 2012
One of our clients is the manufacturer and supplier of Disposable Pump to the dealers of Petroleum companies like IOC, HCL, BPC etc.
These companies (purchaser) who in turn supply these Disposable Pumps to their dealers. (Disposable Pump is installed in Pertrol Bunks through which pertrol or diesel is delivered to the customers)
Now petroleum companies are saying that they are able to take input credit for the purchases of these items.
We want to know the real situation
These companies (purchaser) who in turn supply these Disposable Pumps to their dealers. (Disposable Pump is installed in Pertrol Bunks through which pertrol or diesel is delivered to the customers)
Now petroleum companies are saying that they are able to take input credit for the purchases of these items.
We want to know the real situation
N. Patidar
(Expert)
26 February 2012
Dispersible pump is plant & machinery for Oil Companies, and as per M.P. Vat Act input Credit of VAt is available in Section 14(4) of M.P. Vat Act. Further clarify that answer to this Querry will differ from state to state
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