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
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Machinery taking back from repair work shop
- EXEMPTION OF LONG TERM GAIN UNDER SECTION 54F
- Refund of Rs.4,00,000/- pursuant to Appeal Order – Deceased Proprietor & Closed Bank Account
- Refund credit after 143 (1) intimation
- Medical facility
- GST Registration DELHI MUMBAI
- SALE SHOWS ACCORDING SERVICE PROVIDE BUT SERVICE RECEIVER (GOVT. DEP) SHOWS SALES IN 26Q DIFF YR
- REGARDING TURNOVER LIMIT
- Sale of old gold ornaments
- EPF RETURN FILLING
- LLP audit under companies act
- Income tax return change regime form necessary or not?
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
