Can we avail VAT 4% paid on purchase of Low Ash Met Coke (LAM Coke) using for manufacturing. I want to know whether we can get input VAT credit on all processing materials used for manufacturing.
2 Replies
B KANRAR
(SERVICE)
(57 Points)
Replied 18 February 2009
NO, U CAN'T TAKE INPUT. B'COS THIS IS ENERGY CONTENTS ITEM FOR A MANUFACTURING CONCERN.
KVP
(ACCOUNTANT)
(50 Points)
Replied 19 February 2009
| Originally posted by :Samir | ||
| " | Can we avail VAT 4% paid on purchase of Low Ash Met Coke (LAM Coke) using for manufacturing. I want to know whether we can get input VAT credit on all processing materials used for manufacturing. | " |
Yes you can avail VAT 4% Input Tax credit on all processing material.
Now I am taking this type of Credit i.e. Manufacturing Material Since 2006 when Vat was imposed in my State (Guj.). I have completed sales tax 2006-07 assessment before two month ago and take refund amt. from Sales tax deparment.
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