credit of vat
This query is : Resolved
03 August 2010
Hello Everybody,
Sir i would like to know that i purchased a fax machine with vat charged in bill,can i take credit of vat from that..we are manufacturing unit in chhattisgarh state...
Sir i would like to know that i purchased a fax machine with vat charged in bill,can i take credit of vat from that..we are manufacturing unit in chhattisgarh state...
03 August 2010
When a registered dealer purchases any goods specified in schedule II other than those specified in schedule III within the State of Chhattisgarh from another such dealer after payment to him of the tax under clause (i) of section 8, for use or consumption of such goods including capital goods for / in the manufacture or for/ in mining of any goods specified in schedule II for sale within the State of Chattisgarh or in the course of inter-state trade or commerce and any goods specified in schedule I or schedule II for sale in the course of export out of the territory of India, he shall claim or be allowed, in such manner and within such period as may be prescribed, input tax rebate of the amount of such tax.
Accordinggly, you may claim tax credit.
Accordinggly, you may claim tax credit.
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