Input tax credit on job work
This query is : Resolved
Sweety Sharma
(Querist)
24 July 2013
Hello,
If a dealer pays vat on job work, can he claim input credit for the same? And what is the tds deduction procedure in these transactions.
If a dealer pays vat on job work, can he claim input credit for the same? And what is the tds deduction procedure in these transactions.
Rohan Desai
(Expert)
03 August 2013
Which state are you dealing in?
Sweety Sharma
(Querist)
09 August 2013
we are dealing in Delhi.
MJ Krishnamurthy
(Expert)
15 August 2013
Job work is exempt from dvat as there is no transfer of property involved in it. Therefore no tds is to be done.In job work as no taxable goods are produced no input tax credit can be claimed on purchases..mjk
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