We purchae Light Diesel Oil (LDO) for Bioler used for production can the Vat amount on purchase be utilised or there is any restiction on this.
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Can Vat be taken on LDO
Replies (3)
no you cannot take vat input credit
Please let us know , sould vat tax be calculated on Freight & Insurance if mentioned in Invoice . The freight & Insurance is to customers account i.e paid on their behalf and the actuals mentioned in the bill for collection.
no vat is not calculated on actual freight and insurance
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