Poonawalla fincorps
Poonawalla fincorps

VAT input credit

This query is : Resolved 
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(Querist)
17 February 2010 Dear Sir/Madam,
We are manufacturer, recently we have purchased diesel generator set (fixed assets), whether we can take the vat credit.
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Vishnu Saboo

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Vishnu Saboo (Expert)
18 February 2010 No, not for that it is fixed asset, but due to it's nature is power generation.

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