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Input Credit

This query is : Resolved 
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(Querist)
26 October 2009 Dear Sir,
Whether Inpur credit can be taken on different VAT rate?
For Eg. Input VAT on 12.5% can be taken for output VAT 4%?
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
26 October 2009 yes, Total input vat setoff by total Output vat.and balance to deposit by bank.
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CA SANJAY MUKHERJEE

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CA SANJAY MUKHERJEE (Expert)
26 October 2009 Agree with expert
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