Vat credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 April 2012
Dear Sir,
I m working with mfg company, who is constructing new office building.
1. can we take credit of VAT on TMT bar, Cement etc.
2. can we utilize this credit for clearance of finished goods.
I m working with mfg company, who is constructing new office building.
1. can we take credit of VAT on TMT bar, Cement etc.
2. can we utilize this credit for clearance of finished goods.
05 April 2012
No you can not take credit of VAT on TMT bar, Cement and other building material as per Rule 54 (g) of MVAT ACT 2002 of Maharashtra.
You can not utilize this credit for clearence of finished goods.
You can not utilize this credit for clearence of finished goods.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- GST ON EXPORT COMMISSION
- RCM INVOICING FROM NOV-2024
- Tds on building rent monthly
- Disallowance of Section 43B(h) to sez units
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
