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atultalreja   30 December 2014

Set off of commercial vehicle

hello its atul my question is is there "input set off given to commercial vehicle"


 1 Replies

V.Devananda Narasimham (Advocate)     18 February 2015

If your commercial vehicle is using directly for manufacturing or trading activity to generate  taxable sales, it will be considered as delivery vehicle and tax paid on purchase of commercial vehicle will be treated as Input Tax Credit on capital goods and can be set off under Section 11 of the Kerala VAT Act, 

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