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Input credit

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Querist : Anonymous

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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?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
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.
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