vat and service tax credit
This query is : Resolved
10 August 2009
can any one tell me that we can take the input vat credit on all items or not
and can we take service tax credit on all services or not
and can we take service tax credit on all services or not
UMA SHANKER SHARDA
(Expert)
10 August 2009
Input Vat credit can not be taken on all items. Input Vat Credit on items used in building construction, furniture & fixtures and other non productive assets, which do not have direct relation in production/end product can not be taken. The same principle is also applicable on service tax cenvat credit.
U S Sharda
U S Sharda
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