VAT Input Credit

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Please appraise me about the availability of Input tax credit under the VAT Laws, with regards to purchase of LPG. ( Also if its' in the negative list)

Thanks a lot. 

Replies (2)

Sir,

we are purchase the one Electric Trolley on dt 22.01.10 

Cost of machine   - 74604

Up Vat @ 12.5%    -   9325

Add.Tax @ 1%       -     746

Total bill value      -  84676

Please advise for ITC Claim for the same in books and return as per rule.

Thanks

Dear Sir

You can take Input Credit of Machinery into 36 equally installment. 


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