banner_ad

input credit allowed or not ??

This query is : Resolved 
Profile Image

Profile Image

(Querist)
17 March 2011 one of our client makes noodles from maida. he purchases maida on which vat is charged. from maida he makes noodles. he collects vat on sale of noodles.

my question : can he avail input credit of vat paid on purchase of maida?
Profile Image

CA KRISHNA KUMAR DARUKA

Profile Image

CA KRISHNA KUMAR DARUKA (Expert)
18 March 2011 Yes he will get input credit
Profile Image

caferoz

Profile Image

caferoz (Expert)
18 March 2011 yes input can be availed
Profile Image

Surrender

Profile Image

Surrender (Expert)
19 March 2011 Undoubtedly; That is the basic concept of VAT regime;
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

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details