Poonawalla fincorp
Poonawalla fincorp

VAT CREDIT - MANOJ

This query is : Resolved 
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(Querist)
27 June 2011 SIR,PLS,GUIDE ME
if we buy TRACTOR on proprietors name & used the TRACTOR in proprietory firm,can we get vat credit of the tractor as per MVAT ACT IN THE FIRM
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CS Bijoy

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CS Bijoy (Expert)
27 June 2011 According to me anything purchase which is used for the business purpose than the duty paid in such purchase can taken as credit.

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