Does vat input can be claimed on purchases made for construction of building (Asset)?????
2 Replies
Sonu Kumar
(Account Manager)
(665 Points)
Replied 16 May 2012
Vat Input Credit not available on Assets.
Sindhuja
(Final Student)
(113 Points)
Replied 16 May 2012
Vat input credit on machineries, which are used in the production can be availed.
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