Hello Friends ,
I want information releated to VAT on cars , we are paying 12 percent VAT to goverment on cars.
Can i get returns from goverment after the end of financial year.
Regards
Shrikant
Jiwan singh
(service)
(393 Points)
Replied 13 May 2009
You can not take credit of vat on car , if u are running business of carrieng passenger than you can take credit,
ITC available only capital goods (Plant,Machinery,equipment) on 2 year equal instalment
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961