Dear all
There is any time limit for availing input tax on local purchases as per Karnataka VAT Rules.
Regards
Nutan
Nutan Kumar (Article assistant) (58 Points)
13 July 2015Dear all
There is any time limit for availing input tax on local purchases as per Karnataka VAT Rules.
Regards
Nutan
RAJU
(LEARNER)
(1089 Points)
Replied 18 July 2015
Yes. Input tax pertaining to the period immediately preceding five months can be availed. Hence, the restriction on the period beyond 5 months.