TN Input Tax Credit
This query is : Resolved
24 August 2009
TN Input Tax Credit is taken on what basis?
On total purchases made during the month or out of total purchases which are paid only ( total purchases RS.100000/- but paid 85000/-).
Whether Input Tax credit to be taken on either Rs.100000/- or 85000/-.
On total purchases made during the month or out of total purchases which are paid only ( total purchases RS.100000/- but paid 85000/-).
Whether Input Tax credit to be taken on either Rs.100000/- or 85000/-.
24 August 2009
Input tax credit can be taken once you purchased the goods and booked in your books.
It will not depend on payment.
It will not depend on payment.
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