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Input tax credit
We are in Electricity distribution business had purchased some materials taxed at 2% CST from a Dealer. The same material not used and we want to sale in local market i.e in our own state and Charge Vat as Applicable. Can we take input tax credit on VAT . Because we are paying VAT when we purchase same Material in our home State.
Replies (2)
Yes. .
Thanks Sir..
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