Input credit of vat of petrol or deseil

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 November 2011 is there input credit of VAT are available to manufacuting company of drugs for petrol or deseil used for machinary. under MVAT

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
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29 November 2011 Mr. Author
Generally, as ageneral principle,vat paid on fuel used in generation of elctricity,or production work are allowed as input credit. VAT paid on fuel for vechicles used in business are not allowed input credit in all states.
MJK

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