DEPB LICENSE

This query is : Resolved 

09 June 2011 WHETHER VAT PAYABLE ON SALE OF DEPB LICENSE CAN BE SET OFF AGAINST VAT INPUT TAX CREDIT?
IF YES,PLEASE SUGGEST PROVISION OF THE VAT ACT..........

10 June 2011 Hi viral,
under Maharashtra VAT Act ,
on sale of DEPB license there is VAT @ 5%under schedule entry C 39 and dealer also claim set off on vat paid on depb license.



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