Input credit
This query is : Resolved
14 February 2014
dear sir/madam,
Mr.A is a register dealer in Tamilanadu, he purchased goods @5% with in the state, and he sold with in state after some changes @0%(zero rate).
my query is- is he claim input credit on the goods purchase against his total output?
thanks & regards,
siva
Mr.A is a register dealer in Tamilanadu, he purchased goods @5% with in the state, and he sold with in state after some changes @0%(zero rate).
my query is- is he claim input credit on the goods purchase against his total output?
thanks & regards,
siva
Vishnu Saboo
(Expert)
17 February 2014
Normally, tax credit cant be avail on such material where output tax on output is exempted.
you must refer ur state VAT act.
you must refer ur state VAT act.
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