Is tax to be paid to urd purchases in as per kvat
This query is : Resolved
Guest
Guest
(Querist)
29 May 2014
dear sir/madam,
is company is required to pay tax on urd purchases and can take credit.please answer to my question
is company is required to pay tax on urd purchases and can take credit.please answer to my question
29 May 2014
Hello,
Yes, the company has to pay VAT on goods purchased from a URD if those goods are taxable. And on paying, the same, can be taken as Input credit.
Regards,
Santosh G Kalburgi
Cost Accountant
9742022309
Yes, the company has to pay VAT on goods purchased from a URD if those goods are taxable. And on paying, the same, can be taken as Input credit.
Regards,
Santosh G Kalburgi
Cost Accountant
9742022309
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