Credit
This query is : Resolved
13 May 2017
I Sold Goods to unregisterd Dealer And I Have a ITC .
Shall i adjust my ITC against vat payable to unregisterd Dealer ??
Reply as early as possible
Shall i adjust my ITC against vat payable to unregisterd Dealer ??
Reply as early as possible
CA Shubhanshu Jain
(Expert)
13 May 2017
Yes you can adjust VAT collected from Unregistered dealer against input tax credit (you can also adjust your ITC against central sales payable, if any) but vice versa of same is not possible.
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