Input credit
This query is : Open
22 September 2015
I have been supplied certain Raw Materials & Service from one of my supplier. He is covered under Composition Scheme under MVAT, hence charged me discounted rate of 8% on materials.
Can I avail MVAT on such VAT amount?
Can I avail MVAT on such VAT amount?
22 September 2015
you can not avail input credit if you purchase goods from supplier who opts composition scheme.
Message likes :
1 times
26 September 2015
Thanks for your precious comments Sir. Request, if you can quote relevant section/Rule reference as well.
26 September 2015
Thanks for your precious comments Sir. Request, if you can quote relevant section/Rule reference as well.
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