06 November 2009
Vat credit can be taken whatever rate is applied on material. but 50% concept is applicable in excise duty cases, in case of VAT it can be claim either in 5 year or in 1 year but that capital item should not sold before 5 year.
11 November 2009
Vat credit can be taken whatever rate is applied on material. but 50% concept is applicable in excise duty cases, in case of VAT it can be claim either in 5 year or in 1 year but that capital item should not sold before 5 year.