CAN GIVE ME GAUDANCE WHETHER VAT CREDIT ON GAS CONSUMPTION USED FOR THE PURPOSE OF JOB WORK MANUFACTURING WILL BE ALLOWED TO INDUSTRY IF THAT INDUSTRY IS DOING ONLY JOB WORK ACTIVITY.
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VAT CREDIT IN CASE OF JOB WORK
Replies (2)
No kind of input credit is allowable as per rule 53 if the dealer is engaged only in job-work.
yeah a dealer always can opt for compostion in which case he will not be given any credit of input tax.
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