vat credit issue

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..... vat credit issue
Query (Issue) Started By: - pardeep bisht Dated:- 14-7-2010 Last Reply Date:- 15-7-2010 VAT + CST
Got 1 Reply
VAT / Sales Tax
please clear, vat credit is available on th .....

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..... e raw material partially used byself for manufacturing the product on job work for export oriented unit Reply By ANAND SHEMBEKAR: The Reply: Dear Sir, When you use the Raw Material for Job Work , I th .....

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..... ink it become works contract and you have to pay the VAT . If you pay the vat as 12.5% on value of Materials used in works contract , you can take the VAT set off. If you charge 8% Vat under composit .....

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..... ion scheme on total value then you are eligible to claim vat set off 64% of eligible set off. Export oriented unit has to claim the refund from dept. Thanks ANAND SHEMBEKAR CELL 9209904370
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..... ussion Forum - Knowledge Sharing .....

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