Can we take input on previous months purchase bills.

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 November 2012 If we are receiving purchase bills of previous month, can we take the credit of Input Vat? In DVAT if do not want to take the credit on that bills and wanted to show in the VAT Return , in which column we should display it? (as, if we show it in the local purchase column, then it will automatically calculate the Input itself)
Thanks..

01 December 2012 In my view there is no limit specified for the claim of VAT input. the essentials are that you should hold a valid tax invoice and the goods are purchased in the course of business for sale / use for manf.Should these conditions be satisfied VAT input tax claim is available. Department cannot deny the input tax asthere are no restrictions.

09 November 2013 True, or the best thing would be to revise the vat return of which the Purchase bill later received belongs to.


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