Vat on Cylinders for Industrial Use
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 December 2010
In a Manufacturing Co. Can we claim credit of-
1. Vat on the oxygen Cylinders/Gas purchased
for industrial use,
2. What about the Excise Duty, can we have
the credit of the duty if shown by the
supplier in his invoice,
3. If claim cannot be taken, should we take
VAT & Excise in our books?
Thanks.
1. Vat on the oxygen Cylinders/Gas purchased
for industrial use,
2. What about the Excise Duty, can we have
the credit of the duty if shown by the
supplier in his invoice,
3. If claim cannot be taken, should we take
VAT & Excise in our books?
Thanks.
17 December 2010
You can claim VAT on Oxygen Cylinders / Gas used for Industrial use.
Excise duty is not eligible for this.
Excise duty is not eligible for this.
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