29 August 2012
Can anybody tell me is it compulsory to claim the rest of 2/3 part of vat amount in the same month in which the dealer has originally bought the goods.
for eg if dealer had purchased on sep 2011 with a vat amount of rs 4500 and claimed 1/3 i.e Rs 1500 in the ay 2011-12.
can dealer claim next 1/3 i.e Rs 1500 in the first qtr of ay 2012-13 or he should wait for the month of September for claiming the vat input
CAclubindia
