TEXTILE BUSINESS

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RITESH (Querist)
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17 March 2010 (1)I WANT TO KNOW WHETER VAT IS IMPOSED ON TEXTILE BUSINESS OR NOT AND IF YES THAN WHAT ARE THE RATES ..?

(2)IF I PURCHASE GOODS FROM ONE STATE WHERE VAT IS THERE AND I SELL THE GOODS ON DIFFERENT STATE WERE VAT IS NOT THERE THAN CAN I CLAIM INPUT TAX CREDIT??/

Vishnu Saboo

Vishnu Saboo (Expert)
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18 March 2010 2) IT SEEMS FROM YOUR QUERY THAT YOU ARE THERE, WHERE VAT IS APPLICABLE, AND SELLING TO OTHER STATE, I.E. UNDER CST, THEN OFOUCRSE YOU ARE ELIGIBLE FOR VAT CREDIT, WHETHER, VAT IS APPLICABLE OR NOT IN THAT STATE.

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