Poonawalla fincorps
Poonawalla fincorps

Vat credit allow ???

This query is : Resolved 
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(Querist)
26 September 2012 Dear all

please give me suggestion on vat credit

vat credit allowed on machiner repair item
which is use on production machines


& give some example if possiable
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
26 September 2012 if you received repairing bill then its not use as purchase.
for tax credit you have to take tax invoice for machinery spares items purchase and take as input tax credit

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