Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Tn vat -input credit for petroleum companies

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Follow Query Ask a Query

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

N. Patidar

N. Patidar (Expert)
Follow

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

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now