Regarding the sale and purchase & VAT
This query is : Resolved
Gurmukh Singh
(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
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
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.
N J Ansari
(Expert)
27 December 2008
No Input Vat Credit.
Input Vat credit is allowed only on purchases within the state.
Input Vat credit is allowed only on purchases within the state.
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
NO AVAILABLE BECAUSE LAW STATES THAT. SO YOU QUESTION IF THEN WHY ? IS IDEAL FOR THE FINANCE MINISTER TO ANSWER
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