Input tax credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 August 2011
Can a software company can take Input credit of VAT paid [Both capital & revenue Expenses].
If so can this input tax can be settoff aganist the CST payable of the Company
If so can this input tax can be settoff aganist the CST payable of the Company
23 August 2011
You can take input on materials provided your output product also taxable under VAT
Input on capital goods based on your Local VAT act
Input set off against CST not possible
Input on capital goods based on your Local VAT act
Input set off against CST not possible
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