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composit tax

This query is : Resolved 
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(Querist)
29 July 2010 I purchased material from vendor who is under composit scheme in vat.he has collected vat at 5% on his bill amount. so in this case can i take input tax credit on which amount collected by vendor.

Kindly reply me as soon as possible...,

Advance thank you all....,


shambu
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
30 July 2010 yes. you can take, becase you are not work contract base.so no restrictions on that
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