Treatment of vat
This query is : Resolved
02 January 2015
What in case if service provider is paying VAT on Capital Asset/ consumables??
02 January 2015
so what is your exact doubt???????????
so what is your exact doubt???????????
Message likes :
1 times
02 January 2015
VAT is duky charged by the selling dealer irrespective of whether or not it is capital goods.... The VAT rate as given in the respective schedule of the respective STATE is charged
Message likes :
1 times
05 January 2015
Thanx for ur replies but i want to know if a service provider pays vat will he be eligible for taking credit anyhow?
06 January 2015
By service provider, I mean it is registered under Service Tax.
The service provider needs to be registered under VAT as dealer in order to claim vat input credit, IF ANY.
In your case, it seems that Service Provider is NOT a VAT dealer. So it can NOT make any use of VAT paid
The service provider needs to be registered under VAT as dealer in order to claim vat input credit, IF ANY.
In your case, it seems that Service Provider is NOT a VAT dealer. So it can NOT make any use of VAT paid
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
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Regarding appeal to GSTAT
- Regarding TDS Applicability For Director Remuneration
- LC charges in relation to Asset purchased should be Capitalised ?
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Value of property in capital gain
- Multiple trade mark
- Transporter Declaration form
- Copyright software
- TDS APPLICABILITY......
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
