input credit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 October 2010 we r excise exempted food product manufacturing unit as well as vat also exempted in our product in local sales now question is that we r purchasing raw & packing material & paying vat as well as cst can we get input credit on this purchase ?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

24 October 2010 Since your final product is exempt from VAT, you are not eligible for claim VAT on any inputs

Querist : Anonymous

Querist : Anonymous (Querist)

25 October 2010 actually we on local sales there is no vat but out of state we have to charge cst 4% if c form not provide by party i this condition can we get input credit????????

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

25 October 2010 Vat and CST cannot be set off vice versa

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Vimlesh kumar

S. AGARWAL & ASSOCIATES

Krishnan V

Devendra Singh Jyala

Ishwar Radhakisan Tawani

Subscribe Now

input credit

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

GST CONSULTANT

CA Final

GST CONSULTANCY

Manager- Finance and Compliance

Accountant