Vat credit
This query is : Resolved
21 January 2015
Dear Expert ,
We, service provider, just now had purchased Automatic Concrete mixer machine from within the State. VAT & Excise duty paid on it. Should we get benefit of VAT & Excise duty . We don't have any output vat since we are doing only labour job .
Please reply urgently.
We, service provider, just now had purchased Automatic Concrete mixer machine from within the State. VAT & Excise duty paid on it. Should we get benefit of VAT & Excise duty . We don't have any output vat since we are doing only labour job .
Please reply urgently.
21 January 2015
As your output is not taxable, you will not get VAT Credit.
However, you can have the benefit of excise duty which can be set off against your service tax liability.
Thanks!
However, you can have the benefit of excise duty which can be set off against your service tax liability.
Thanks!
22 January 2015
you can not get the benefit , if on output goods are not taxable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Capital gain consideration
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
Trending Online Classes
CAclubindia
