Easy Office
LCI Learning

Set off furnace oil

This query is : Resolved 

05 December 2015 Furnace oil is the fuel used ti heat Bituman. Whether the vat paid on furnace oil is available as set off from vat liability.

05 December 2015 Dear Mr. Jiran,

Input VAT Credit can be availed only when the goods are used as a raw material or consumables, which means the goods should be an ingredient of outcome material.
Therefore, input credit cannot be availed for fuel used for manufacturing/processing of end product.



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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query