22 May 2012
Rule 53 (1) states that taxable goods used as fuel then amount equal to 3% of the purchase price is reduced from available set off. My query is what is the definition of fuel in the above sentence???
23 May 2012
Mr A Pawar, Fuel is a substance which is ignited to run an engine or a bioler to produce electricity,steam,compressed air etc.for industrial purpose.....MJK
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