Vat credit
This query is : Resolved
21 January 2015
Dear Expert ,
We, service provider, just now had purchased Automatic Concrete mixer machine from within the State. VAT & Excise duty paid on it. Should we get benefit of VAT & Excise duty . We don't have any output vat since we are doing only labour job .
Please reply urgently.
We, service provider, just now had purchased Automatic Concrete mixer machine from within the State. VAT & Excise duty paid on it. Should we get benefit of VAT & Excise duty . We don't have any output vat since we are doing only labour job .
Please reply urgently.
21 January 2015
As your output is not taxable, you will not get VAT Credit.
However, you can have the benefit of excise duty which can be set off against your service tax liability.
Thanks!
However, you can have the benefit of excise duty which can be set off against your service tax liability.
Thanks!
22 January 2015
you can not get the benefit , if on output goods are not taxable.
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