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Vat credit

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 March 2012 Can we take VAT credit on purchase of Transformer.
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G.N.Keraliya
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CA. Nitin Agrawal

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CA. Nitin Agrawal (Expert)
04 March 2012 In my view VAT cr. is available on purchase of capital goods unless it is used for prodn of goods which is exempted from VAT.

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