VAT on cars

1277 views 1 replies

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

Replies (1)

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


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