Water pollution control
This query is : Resolved
Guest
Guest
(Querist)
13 January 2012
Pls, explain can i avail input vat credit for pur.of chemical for water pollution control equipment.
and how we treat these expenses at account in ledger.
Shall i treat these as capital increase?
and how we treat these expenses at account in ledger.
Shall i treat these as capital increase?
MJ Krishnamurthy
(Expert)
15 January 2012
Miss Latha,
In a manufacturing unit tax paid on purchase of water treatment chemicals are not allowed as ITC,because they are not used in processing or as inputs.
MJK
In a manufacturing unit tax paid on purchase of water treatment chemicals are not allowed as ITC,because they are not used in processing or as inputs.
MJK
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