Under which section can Hotel Industry can avail Input credit on VAT paid on fixed assets. When can the Co., claim the Input credit
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Can VAT paid on Fixed Assets can be taken credit for Hotel
Replies (2)
Rule 4(a) of CENVAT Credit Rule, 2004 .
Rule 4(a) of CENVAT Credit Rule, 2004 . u can get credit 50% for the same year and 50% in the next year.
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