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Regarding the sale and purchase & VAT

This query is : Resolved 
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(Querist)
27 December 2008 hello every one

Please tell me if we buy goods from other state and paid ful vat @ 12.5% or 4% whatever . Is we can get the input tax credit agst those purchase and if yes what are the formalities for that ot if Not then why


Please reply as soon as possible
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CA R N Mohil

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CA R N Mohil (Expert)
27 December 2008 No Input vat credit(ITC) can be claimed on central sales tax paid on outdside state purchases.
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N J Ansari

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N J Ansari (Expert)
27 December 2008 No Input Vat Credit.

Input Vat credit is allowed only on purchases within the state.
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C A GROUP COACHING

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C A GROUP COACHING (Expert)
27 December 2008 NO INPUT CREDIT AVAILABLE ON INTERSTATE PURCHASES.
NO AVAILABLE BECAUSE LAW STATES THAT. SO YOU QUESTION IF THEN WHY ? IS IDEAL FOR THE FINANCE MINISTER TO ANSWER
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