VAT Credit
This query is : Resolved
Rajpara Dipak J.
(Querist)
29 January 2008
While making purchases we receive VAT invoices. whether we can take credit of the VAT paid on purchase if the invoice does not idicate anything regarding " TAX INVOICE " or "RETAIL INVOICE".?
Thanks
Dipak Rajpara
Thanks
Dipak Rajpara
CA Hemant T Dewani
(Expert)
29 January 2008
under vat act if tax invoice is compulsary.ste off is available only on a valid tax invoice
set off cane not be allowed but same can be retrned to the for necesarry corrections their after set off can be claimed
set off cane not be allowed but same can be retrned to the for necesarry corrections their after set off can be claimed
Devendra Mishra
(Expert)
30 January 2008
Yes we can take credit if we have acted in good faith and have taken all reasonable steps of verifying the availablitiy of Vat credit.
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
- Reward for festival
- 18% Rent a cab
- Movement of goods by packers and movers - type of sale - Reg.
- Missed uploading GST Invoice
- Appointment of Auditor By Form ADT-1
- Gratuity paid to legal heir above 20 lakh is taxable or not
- RCM and same line
- ARCA LOGIN
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- 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
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
