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Vat paid on vehicle

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 March 2012 A Tractor dealer purchase Vehicle (four-wheeler) for sales promotion and spare part delivery purpose (use for goods transport) and paid vat on vehicle purchased. They can take setoff of vat paid on vehicle.
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MJ Krishnamurthy

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MJ Krishnamurthy (Expert)
10 April 2012 Mr Author,
No, this is not permitted as per entry no1 of V schedule....MJK
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