banner_ad

Input VAT

This query is : Resolved 
Profile Image

Profile Image

(Querist)
07 November 2009 Dear Sir,

Please Clarify


Can we take vat input on previous months bills, what is the provision pls Inform.

Thanks

Regard's
Manju
Profile Image

M Prabhakar Menon

Profile Image

M Prabhakar Menon (Expert)
07 November 2009 The basic principle of vat is to tax on the value addition only.THere is a provision to carry forward the input tax assumption being that the inputs are still in stock. VAT is a state legislation so u should look into the VAT laws of that state for getting the applicable sections etc.
Profile Image

Murtaza I Bhagat

Profile Image

Murtaza I Bhagat (Expert)
29 November 2009 Yes, Credit of input vat will be carry forward to next month as op. input vat balance.
Profile Image

Vishnu Saboo

Profile Image

Vishnu Saboo (Expert)
31 December 2009 it's not necessary that material which purchasesd in which month can be book purchases in same month. hence if material dispatched in prevuios month but received by purchaseser in subsequent month, VAT input credit will be taken in that month only.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details