Composition scheme question
This query is : Resolved
Meet Thakkar
(Querist)
10 February 2012
UNDER MVAT ACT,
CAN A DEALER GET SETOFF OF GOODS PURCHASED FROM A COMPOSITION SCHEME DEALER.....PLEASE PROVIDE ME SOME SUPPORTING LIKE SECTION OR CASE ....ITS URGENT ...HELP !!!
CAN A DEALER GET SETOFF OF GOODS PURCHASED FROM A COMPOSITION SCHEME DEALER.....PLEASE PROVIDE ME SOME SUPPORTING LIKE SECTION OR CASE ....ITS URGENT ...HELP !!!
Prakash Kochar
(Expert)
11 February 2012
Under MVAT Act composition dealer except work contrat, can not charge tax seperately. Purchaser is not entitle for setoff on purchases unless he hold tax invoice wherein tax is seperately charged. 9850350854.
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Meet Thakkar
(Querist)
13 February 2012
Please tell me any reliable source - case OR section for the above.
Prakash Kochar
(Expert)
13 February 2012
For claiming credit of input tax, TAX INVOICE is must.
Ref.
Sect. 86(2)- Tax invoice--
Sect 48 Setoff--
Rule - 52(1)(a) Claim & grant of setoff
9850350854
Ref.
Sect. 86(2)- Tax invoice--
Sect 48 Setoff--
Rule - 52(1)(a) Claim & grant of setoff
9850350854
Meet Thakkar
(Querist)
14 February 2012
thanks for your reply
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