Eligible input vat credit
This query is : Resolved
02 September 2011
Sir,
1)My querry is that whether the eligible input vat credit of one division can be clubbed with another divsion of same company?
2)Can the company take the eligible input vat credit for the year,partly on consolidated(all the divisons)basis and partly on the individual(only one division) basis?
1)My querry is that whether the eligible input vat credit of one division can be clubbed with another divsion of same company?
2)Can the company take the eligible input vat credit for the year,partly on consolidated(all the divisons)basis and partly on the individual(only one division) basis?
U S Sharma
(Expert)
02 September 2011
if the registration is done division wise, then not possible, but if the registration is done consolidated then there is no bar to use the vat credit by any division.
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