VAT setoff on fuel (diesel)
This query is : Resolved
14 July 2009
We are in water industry and mainly into distribution of packaged drinking water, my query is can we take setoff on fuel as we are using our vehicles for business. Without fuel we can do our business, and it is main ingredient of our business. What is the VAT percent on fuel in Maharashtra (MUMBAI), as we reside in mumbai.
15 July 2009
Under rule 54(b) set off is specifically denied, Hence no set off can be taken in respect of motor spirits under MVAT 2002
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