TaxTMI 
TaxTMI 
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.
Input of VAT on Furnace
07 Oct 2009 
2 Replies 
1390 Views Asked by
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. (AI Summary)
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. (AI Summary)