ASSISTANT MANAGER
14607 Points
Joined July 2011
MVAT rate on Petrol is 20%.
Petrol, diesel etc whose price is fixed by the government are not governed by VAT.
Hence Input tax of diesel cannot be set off.. These are general principles and applicable to all states.
If you are a work contractor you can set off the all amount of purchase of diesel, petrol as consumable.
Regards,
RAJESH CHOUDHARY