Give reason in brief, in the context of provisions of VAT, whether following purchases are eligible for availing input tax credit: Mohit purchased goods from Sohan which are to be used in execution of a works contract.
CS Professional · Advanced Tax Laws and Practice · PYQS · December 2016
Give reason in brief, in the context of provisions of VAT, whether following purchases are eligible for availing input tax credit: Mohit purchased goods from Sohan which are to be used in execution of a works contract.
Answer & Explanation:
Mohit can claim input tax credit as purchase of goods for being used in execution of a works contract are eligible for input tax credit.
Topics: Indirect Tax
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