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Is vat credit availabal on goods received at free of cost

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 November 2012 is vat credit availabal on goods received at free of cost
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
29 November 2012 No, if free of cost then not allowed.

vat required assesable value. and then charge vat and to be alloed.

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