Reduction for Fuel Setoff - MVAT Rule 53(1)

This query is : Resolved 

13 December 2007 Sir, Whether Gases (e.g. Co2, Oxygene) used for manufacturing (welding etc)will be termed as fuel ?
If yes Whether Reduction Rule to Apply for taking VAT set off on above Gases

13 December 2007 If gas is used as fuel then set off *@ 3% is to be reduced U/r 53.
* Upto 04/04/2007 Reduction rate is 4%



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries