INPUT VAT CREDIT FOR PURCHASE OF OXYGEN CYLINDER BY MANUFACTURER

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..... Dear Sir, We are Green Enviro Gas manufactures for medical oxygen gas now we have bought capital goods - oxygen cylinders to supply hospitals in chennai the purchase was under VAT now can i tak the v .....

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..... at credit or not??? The quiery is as the cylinder is used only to transport the medical oxygen gas hence vat cannot be utilized is it so??? Please explian. Thanks and Regards S.Sathyanarayanan - .....

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..... Reply By Ganeshan Kalyani - The Reply = The cylinders are essential in the process of sale. in fact sale is not possible unless you get those cylinders. thus it is an input used in the process of manu .....

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..... facture. The oxygen so manufactured is filled in the cylinder which is when the product is ready for supply. Hence in my view the input credit should be rightly eligible for taking credit. - INPUT VA .....

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..... T CREDIT FOR PURCHASE OF OXYGEN CYLINDER BY MANUFACTURER - Query Started By: - sathya narayanan Dated:- 16-1-2016 Value Added Tax - VAT-CST - Got 1 Reply - VAT and Sales Tax - Discussion Forum - Kn .....

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..... owledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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