Dear Sir,
Good afternoon
Please advice to us related to VAT .
we are using elevators/escalators ( used in warehouse ) in such cases we are receiving services from Kone Elevator India Pvt Ltd. Japiur. he is charing VAT in their Inv. in said caes we can avail VAT Credit.
:Nature of Service:- Works Contract Service - under Service
VAT at the rate of 14 percent on 40 percent of base value.
Pl.advice to us we can take credit of VAT (ITC)
Thanks for your co-operation in Advance.
Arjun Sachdeva
Mitsui Prime,
Neemrana