Can we avail VAT 4% paid on purchase of Low Ash Met Coke (LAM Coke) using for manufacturing. I want to know whether we can get input VAT credit on all processing materials used for manufacturing.
Menu
Input VAT Credit
Replies (2)
NO, U CAN'T TAKE INPUT. B'COS THIS IS ENERGY CONTENTS ITEM FOR A MANUFACTURING CONCERN.
| Originally posted by :Samir | ||
| " | Can we avail VAT 4% paid on purchase of Low Ash Met Coke (LAM Coke) using for manufacturing. I want to know whether we can get input VAT credit on all processing materials used for manufacturing. | " |
Yes you can avail VAT 4% Input Tax credit on all processing material.
Now I am taking this type of Credit i.e. Manufacturing Material Since 2006 when Vat was imposed in my State (Guj.). I have completed sales tax 2006-07 assessment before two month ago and take refund amt. from Sales tax deparment.
Recent Topics :
- GIFT REGARDING
- TDS on salary to non resident managing director
- Ewaybill and Transport documents (Lorry receipt)
- LTCG on sale of Builder Buyer Agreement
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
- TDS processed with short deduction default
- TDS on rent paid to RNOR Landlord. Can RNOR US tax
- PAN CANCELLATION OF A DISSOLVED PARTNERSHIP FIRM
Related Topics :
CAclubindia
