TaxTMI 
TaxTMI 
TaxTMI 
INPUT VAT CREDIT FOR PURCHASE OF OXYGEN CYLINDER BY MANUFACTURER
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....NPUT VAT CREDIT FOR PURCHASE OF OXYGEN CYLINDER BY MANUFACTURER<br> Query (Issue) Started By: - sathya narayanan Dated:- 16-1-2016 Last Reply Date:- 17-1-2016 VAT + CST<br>Got 1 Reply<br>VAT / Sales ....
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....Tax<br>Dear Sir, We are Green Enviro Gas manufactures for medical oxygen gas now we have bought capital goods - oxygen cylinders to supply hospitals in chennai the purchase was under VAT now can i ta....
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....k the vat credit or not??? The quiery is as the cylinder is used only to transport the medical oxygen gas hence vat cannot be utilized is it so??? Please explian. Thanks and Regards S.Sathyanaraya....
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....nan Reply By Ganeshan Kalyani: The Reply: The cylinders are essential in the process of sale. in fact sale is not possible unless you get those cylinders. thus it is an input used in the process of m....
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....anufacture. The oxygen so manufactured is filled in the cylinder which is when the product is ready for supply. Hence in my view the input credit should be rightly eligible for taking credit.<br> Disc....
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