Input vat creidt
This query is : Resolved
Tallam Harish Kumar
(Querist)
29 June 2012
Can we take a input VAT credit inrespect of VAT amount paid in hotel ?
CA Hardik Bunha
(Expert)
29 June 2012
it is dependent on you method wether u r following credit system or lump sum system.
generally hotel takes lump sum system.
generally hotel takes lump sum system.
Tallam Harish Kumar
(Querist)
29 June 2012
we are following lumsum method at that time can we take that one as input credit?
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