https://www.taxtmi.com/forum/issue?id=2056 VAT credit depends on treating raw material used in job work as part of a works contract and on how VAT is paid; if VAT is paid on materials used in the works contract the taxpayer may claim VAT set off, while composition scheme payers have a reduced set off entitlement and export oriented units must claim any recovery by departmental refund. en-us Wed, 14 Jul 2010 15:09:36 +0530 Thu, 23 Jan 2025 15:58:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2056 VAT credit depends on treating raw material used in job work as part of a works contract and on how VAT is paid; if VAT is paid on materials used in the works contract the taxpayer may claim VAT set off, while composition scheme payers have a reduced set off entitlement and export oriented units must claim any recovery by departmental refund. Discussion-Forum VAT / Sales Tax Wed, 14 Jul 2010 15:09:36 +0530 https://www.taxtmi.com/forum/issue?id=2056