input credit
This query is : Resolved
10 September 2008
My Company Registration For delhi Vat in September 20. But it Issued a bill in august with Vat & He also Purchase In july & August with Vat Input
Can Company Claim For Input Vat Taken In july & august &
In Vat return it not taken Input & Out put vat Before Registration
What is the Time limit for input taken Before Registration is it 30 or 60Days
Can Company Claim For Input Vat Taken In july & august &
In Vat return it not taken Input & Out put vat Before Registration
What is the Time limit for input taken Before Registration is it 30 or 60Days
CA. O.P. Agarwalla
(Expert)
15 September 2008
In Assam, it is very clear that ITC can be availed only on Tax Invoices and tax invoices can be issued only to registered dealers. Accordingly, taxes paid by you before the date of registration is not availabe.
I hope there must be some similar provisions in Delhi VAT.
However, there may be a good scope of tax planning. Pl. see the following points:-
1. Date of liability of registration.
2. Date from which sales are liable for VAT in your case.
I hope there must be some similar provisions in Delhi VAT.
However, there may be a good scope of tax planning. Pl. see the following points:-
1. Date of liability of registration.
2. Date from which sales are liable for VAT in your case.
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