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
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
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?
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
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
- Gst credit note by supplier
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Query on effect of registration of property
- GST on reimbursement of expenses
- Equity Share Sale and Purchase
- Wrong CMPo8 file
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Additional trade name
- Number of years as per AS amortisation of Goodwill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
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
