Input credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 March 2014
Hi,
Am paying vat for sale of softdrinks..mine is an association..Can i claim credit on purchases made on softdrinks?
Am paying vat for sale of softdrinks..mine is an association..Can i claim credit on purchases made on softdrinks?
18 March 2014
Yes you can avail input tax credit of VAT paid on purchase of soft drinks.
This input tax credit can be utilized to discharge your output VAT liability on sale of such soft drinks.
This input tax credit can be utilized to discharge your output VAT liability on sale of such soft drinks.
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