Taking a input credit
This query is : Resolved
11 November 2011
if we are a manufacturing unit can we take a VAT credit on material purchased for construction or repair of factory building which we are showing as Building (WIP)? can anyone help me out?
11 November 2011
No, as construction is not a manufacturing activity irrespectively whether you are showing it as a Building (WIP) OR Building (completed and ready for use)
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