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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- Ito add credit side of bank
- GSTR9 Annual Return
- Applicability of tax on invoice
- Gift to nri relatives resides in usa
- GST ITC as per notification 12/2023- central tax
- Form 144 TDS Return Validation error
- Rent agreement of House of deceased person
- Import of Capital Machine
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
