Vat credit on lpg
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 March 2014
Can a company avail vat credit on LPG used in their mfg process & canteen, both?
31 March 2014
for use of canteen, ITC on LPG is not allowed, since ITC available on inputs only.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
31 March 2014
Dear Sir,
Thank you for your response. Sir, what about LPG used in mfg process? whether vat credit available or not?
Thank you for your response. Sir, what about LPG used in mfg process? whether vat credit available or not?
31 March 2014
yes, LPG used for manufacturing process is input.
but normally ITC available after 4% reduction on fuel, so u should check it in ur state VAT act.
but normally ITC available after 4% reduction on fuel, so u should check it in ur state VAT act.
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