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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Value of property in capital gain
- Annual return in Gst
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
