Hai! All
I hv doubt about VAT Credit, Our client providing job work to ITC Ltd, he used to take VAT Credit On Purchase of Machinary Consumobles(which is used in Processing not Raw material) and set off on sale of refractions, is it right or wrong?
If yes wt is the Criteria for VAT Credit availability?
Thanks & Regards,
THE QUERY IS INCOMPLETE AS U HAVE NOT TOLD ABOUT THE STATE
RMA And Associates LLP
New Delhi
CA Inter
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Abic and Mani Chartered Accountants
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