Reversal of Input Tax Credit (ITC) on furnace oil and LSHS oil - ...

VAT and Sales Tax

April 3, 2021

Reversal of Input Tax Credit (ITC) on furnace oil and LSHS oil - the furnace oil was used in the process of manufacturing of the final product and it has to be treated only as an input tax credit and that therefore, the input tax paid on the purchase of furnace oil can be claimed as input tax credit - HC

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Reversal of Input Tax Credit (ITC) on furnace oil and LSHS oil - ...

VAT and Sales Tax

April 3, 2021

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