Easy Office
LCI Learning

Input tax credit under karnataka vat.

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 January 2014 Dear experts,

I have client he doesn't have any taxable sales except scarp, he usually purchase machinary, but he use that machinary in the process of sale of exempted goods.
Does he get input tax credit under karnataka VAT ?

30 January 2014 Should the machinery be used for manufacture of exempted goods, input tax shall be restricted under section 11. Hence claim of input tax under KVAT may not be allowed.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries