Can I take full VAT Credit
This query is : Resolved
Amit Prakash Singh
(Querist)
20 January 2011
we purchased item @ 12.5% & @ 5 % and sold @ 2% Against 'C' form
Can we take full VAT Credit of that purchase bill against our vat sale or Not.
Is any circular regarding this pls send .
Can we take full VAT Credit of that purchase bill against our vat sale or Not.
Is any circular regarding this pls send .
Ram Avtar Singh
(Expert)
20 January 2011
Yes you will take 100% vat credit.
Message likes :
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Amit Prakash Singh
(Querist)
20 January 2011
or sir if same condition we transfer that material to our branch .is it applicable in this case. Sir there is any circullar in vat regarding this which i show to Vat officers if they object on this .
Ram Avtar Singh
(Expert)
21 January 2011
In branch transfer out of delhi no input vat allowed under sec 10(3)
Message likes :
1 times
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