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???????????
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Amol S Joglekar
(Expert)
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
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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?
Amol S Joglekar
(Expert)
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
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