Dvat input tax when input vat % is more than output vat %
This query is : Resolved
01 November 2011
Dear all
my client is purchasing raw material @ 12.5% and selling the finished goods @ 5% output vat.
He is claiming DVAT Input @ 12.5% while Output liabilty is 5% .
The DVAT authority is saying that assessee is wrong in this process he can claim input vat rate lower than output vat rate
Please suggest.
my client is purchasing raw material @ 12.5% and selling the finished goods @ 5% output vat.
He is claiming DVAT Input @ 12.5% while Output liabilty is 5% .
The DVAT authority is saying that assessee is wrong in this process he can claim input vat rate lower than output vat rate
Please suggest.
01 November 2011
Dvat Authority is wrong. no restriction. you can avail full dvat on input of raw material.
01 November 2011
Sir can you please mention any case law
05 November 2011
It is mentioned in DVAT ACT no need to explain any case.
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