Poonawalla fincorps

VAT credit eligibility

This query is : Resolved 
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(Querist)
28 November 2009 The VAT credit on the local purchases are eligible to a manufactuer (automobile OEM) when he purchases the vatable parts for their pre-delivery inspection purpose before selling the vehicles?

Hariharan.G
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Vishnu Saboo

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Vishnu Saboo (Expert)
01 December 2009 if final product is not taxable, not credit would be avilable.

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