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vat credit

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(Querist)
18 July 2009 Can i take vat credit for the consumables and stores(spares for machine). I am a accountant of a sugar industry. And we we dont have output vat on sugar, but on our by-product we have output vat.
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visu iyer

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visu iyer (Expert)
18 July 2009 No..
ITC for consumable stores is not available

Agree. It increase the cost

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