Urgent Credit of VAT

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 November 2009 Whether Buyers TIN No: is required on Invoice for getting the Credit in VAT

Computer used in Factory Building whether VAT Credit can be taken

ANIL JANGID

ANIL JANGID (Expert)
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17 November 2009 yes TIN number is required on invoice for getting credit of vat.
The computers are purchased for office use and thereby will be termed as â€˜office equipments treated as capital assetsâ€™. VAT Credit on â€˜office equipmentâ€™ is available if such computers are purchased after September 7, 2006.

Querist : Anonymous

Querist : Anonymous (Querist)

17 November 2009 I am taking Credit of Input VAT based on the purchases Invoices having VAT or TIN No: of Vendor/supplier am i need to get My TIN No: on purchase invoices

ANIL JANGID

ANIL JANGID (Expert)
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17 November 2009 yes tin no.

Guest

Guest (Expert)

18 November 2009 Agree with experts . Tin no are required.

Even you have to mention those tin nos in your Quarterly/monthly returns.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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22 November 2009 Yes, Experts are right.

It is Compulsory to take TIN No. to take Credit and also you have to show in your Every invoice and return also.