Easy Office
LCI Learning

MVAT for power generation unit

This query is : Resolved 
Profile Image

Profile Image

(Querist)
17 May 2010 Applicablity of MVAT for power generation units?

Can they claim setoff?
Profile Image

K Bala Kishan

Profile Image

K Bala Kishan (Expert)
18 May 2010 Dear Deepak,

as per Power generation units under MVAT it is covered under Schedule A which is the NIL rate of tax. Where there is no taxability of such goods and we cannot setoff against your claim.

Regards,
Bala

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links