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Discussion > VAT > GST >

Negative list of vat

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Accontant

[ Scorecard : 32]
Posted On 07 August 2011 at 19:28 Report Abuse

what is nagetive vat.


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C.A ARPAN BANSAL
PARTNER

[ Scorecard : 29]
Posted On 07 August 2011 at 21:03

WHEN INPUT VAT CREDIT IS MORE THAN THE OUTPUT TAX THEN IT IS SOME TIMES CALLED VAT.. WHICH IS TO BE SET OFF FROM CST AND ANY SURPLUS IS BROUGHT FORWARD TO NEXT YEAR





DAYANANDA K N
ACCOUNTS EXCECUTIVE

[ Scorecard : 575]
Posted On 08 August 2011 at 13:23

Negative list means "List of goods on which Input vat credit is not available"

 

Regards

Dayananda




CA Sunil Agarwal
C.A

[ Scorecard : 368]
Posted On 08 August 2011 at 14:00

Agree with daya




Dheerendra
Finance Incharge

[ Scorecard : 109]
Posted On 08 August 2011 at 18:40

BANSAL IS RIGHT



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