Regarding vat input
This query is : Resolved
29 March 2016
Dear Sir/ Ma'am
I am setting up a wheat sortex plant. The machinery required for that is subjected to 14% VAT. Also the Iron used for fabrication also attracted 5% VAT. Will my firm be eligible to get rebate on these VAT amounts?
I am setting up a wheat sortex plant. The machinery required for that is subjected to 14% VAT. Also the Iron used for fabrication also attracted 5% VAT. Will my firm be eligible to get rebate on these VAT amounts?
29 March 2016
Capital Assets for business purpose can get ITC as per state vat rules.
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