Composition schem
This query is : Resolved
Shailesh satvara
(Querist)
02 April 2012
Dear Sir,
Kindly suggest whether i can purchase fixed asset from outside gujarat whom work contract is given in composition scheme (Vat) and if so, I can purchase can I issue 'C' Form to the vendor.
As per my knowlege I cannot purchase fixed assest from outside gujarat if work contract is given in Composition scheme (VAT).
KINDLY SUGGEST in this regards.
Regards,
Shailesh
Kindly suggest whether i can purchase fixed asset from outside gujarat whom work contract is given in composition scheme (Vat) and if so, I can purchase can I issue 'C' Form to the vendor.
As per my knowlege I cannot purchase fixed assest from outside gujarat if work contract is given in Composition scheme (VAT).
KINDLY SUGGEST in this regards.
Regards,
Shailesh
CA G. SURYANARAYANAN
(Expert)
02 April 2012
normally for the composite dealers, the chain of input tax credit and output tax credit is not available. so your assumption is correct. you can prceed with the same
Shailesh satvara
(Querist)
02 April 2012
thanks for your valueable suggestion
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
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- SALARY CAN BE CAPITALIZE
- TDS on purchase of under construction property from a reseller
- GST Intimation due to Government took possession of Business Premises under PPE Act
- TDS on Fixed Assets purchased
- Non filing of I T Returns
- UDIN ISSUE
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
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
