vat input

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Querist : Anonymous

Querist : Anonymous (Querist)

05 March 2010 Dear all,

shall i take input vat on oil

CA Umesh Sharma

CA Umesh Sharma (Expert)
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05 March 2010 Dear under MVAT Rules 53A(1), If oil is used as fuel than retention is there of 3% and if used as raw material no retention, full setoff.

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