Vat availment on repair & maint plant & machinery
This query is : Resolved
07 December 2013
Please help me understand the if VAT credit is available on repair & Maint on Plant & Machinery with notification.
07 December 2013
If that plant and machinery is used for production of taxable goods and it is approved as a capital goods,then the spare parts purchased for replacement and repair of such machinery are eligible for input tax credit..mjk
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