Please Clarify for following issue:
In case of LFR Charges we paid TDS as rent u/s. 194I of Income Tax Act,1961 and it is for operating of business only calculation of the same is based on purchase of petrol and diesel,
So that Input of LFR Charges can treated as exempt supply in GST but taxable supply in VAT i.e. in Indirect Taxes it is taxable,
AND INPUT TAX CREDIT ON GST CAN AVAIL OR NOT ?, ON THE BASIS OF ABOVE,
I request you to please provide further guidance on the same, Thank you.
CAclubindia
