Input of vat

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 January 2016 CAN A ORG TAKE A VAT INPUT OF CAPITAL GOODS WHICH IS NOT DIRECTLY INVOLVED IN MANUFACTURING.I,E OF COMPUTER PURCHASED.

02 January 2016 if you have tax credit invoice. you can but you have to show it as use in manufacturing only

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 January 2016 IT IS FOR OFFICE USE NOT DIRECTLY FOR PRODUCTION AND I HAVE RETAIL INVOICE BUT PARTY IS REGISTERED UNDER VAT

02 January 2016 if you have retail invoice you cant take credit.

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 January 2016 IF I HAVE TAX INVOICE THEN IN THAT CASE WOULD IT CAN BE TAKEN IN CASE OF COMPUTER PURCHASE.

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 January 2016 AND SIR TAX CREDIT IS ALLOWED ON RETAIL INVOICE IF PARTY IS REGISTER IN SALES TAX. SOME CLIENTS OF OUT ARE TAKING AND I ASKED IT FROM MY CA HE SAID PRACTICALLY EVERY ONE TAKES CREDIT IF THAT PARTY HAVE TIN NO.

02 January 2016 https://taxguru.in/goods-and-service-tax/input-credit-capital-goods-delhi-added-tax.html

check it out it may help,

02 January 2016 Tax credit on Retail invoice can never be allowed no matter what. Credit can be taken if and only if TAX Invoice is issued.

02 January 2016 no tax credit for computers


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