Input credit on vat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 May 2016
1. What are the purchases we can take input VAT credit on paying Output VAT on Sales?
Please give reply.
Please give reply.
10 May 2016
The VAT rules differ from state to state. But by and large, in normal course i.e. without composition scheme etc., one can claim full set off on input credit.
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10 May 2016
Local purchase vat and vat paid on URD Purchase can be eligible to take as Input credit.
10 May 2016
Local purchase vat and vat paid on URD Purchase can be eligible to take as Input credit which is part of production of final output.
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