Input tax credit against purchase of material from 100% eou

This query is : Resolved

RAJANPANGUNNI (Querist)
Follow

21 November 2013 Dear sir

We are purchasing local manufactured prducts from 100% eou , supplier has raised excisable invoice and they are collecting excise duty. Kindly advice how can calculate in put credit and whether we can avail 100% duty as input credit

P V Ram

P V Ram (Expert)
Follow

22 November 2013 U Can avail i00% input tax credit just like purchase from any other domestic party

Thanks

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