Depb licence under fms & fps
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 June 2015
DEAR SIR
CAN A GOODS TRADER FIRM ( NOT MANUFACTURING & NOT EXPORTING) AVAIL OF INPUT TAX CREDIT IN CASE OF PURCHASE OF DEPB LICENCE,SELLER OF LICENCE ISSUE A VAT INVOICE
PLEASE SORT
CAN A GOODS TRADER FIRM ( NOT MANUFACTURING & NOT EXPORTING) AVAIL OF INPUT TAX CREDIT IN CASE OF PURCHASE OF DEPB LICENCE,SELLER OF LICENCE ISSUE A VAT INVOICE
PLEASE SORT
RAMESH KUMAR VERMA
(Expert)
30 June 2015
Noted that A registered dealer assigned with TIN is entitled to claim input tax credit.
The purchasing dealer or the dealer availing input tax credit must be a registered dealer assigned with TIN.
· Purchases must be in respect taxable goods other than those specified in schedule ‘C’.
· Purchases should be made within the State.
· The evidence for claiming input tax credit i.e. the Tax Invoice issued by the selling registered dealer assigned with TIN is available.
The purchasing dealer or the dealer availing input tax credit must be a registered dealer assigned with TIN.
· Purchases must be in respect taxable goods other than those specified in schedule ‘C’.
· Purchases should be made within the State.
· The evidence for claiming input tax credit i.e. the Tax Invoice issued by the selling registered dealer assigned with TIN is available.
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