composit tax
This query is : Resolved
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
Kindly reply me as soon as possible...,
Advance thank you all....,
shambu
30 July 2010
yes. you can take, becase you are not work contract base.so no restrictions on that
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