Input of VAT on Furnace

[pardeep bisht]

pls suggest that can we avial the vat inputs on furnance oil if charged @4%. if we can avial then pls refer circular no. if any.

[Rama Krishana]

If your query is relatd to VAT, you are advised to please consult the vat consultant in your state since, the VAT issue may be different from one state to another.

[DEV KUMAR KOTHARI]

Have a ground work first. This column of www.taxtmi.com is to initiate discussion and ascertain various possible views to further the object of learning and sharing knowledge and to clear doubts. The issue placed should include some basic information about the subject matter so that readers can at least have some idea about the issue, problem,related provisions and off course the views of the initiator of the issue. This will be helpful in getting better response from learned readers. In absence of the same, the readers cannot be serious about the issue and willing to spare time to merely provide information and solutions. This is my personal view.

AI Summary

Input VAT availability on furnace oil depends on state VAT rules and factual invoice and usage details.
Query concerns entitlement to input VAT credit on furnace oil charged at a concessional rate and request for any controlling circular. Respondents advise seeking state-specific VAT consultancy because eligibility varies by state and is fact-sensitive, and they urge the taxpayer to supply fuller factual and documentary particulars so entitlement and relevant circulars can be properly assessed.