banner_ad

VAT credit

This query is : Resolved 
Profile Image

Profile Image

(Querist)
31 August 2008 For all interstate purchases we are taking VAT credit.After couple of months we reject these materials.shall we have to reverse VAT Input credit in TN VAT Act?.Can anyone throw light by quoting relevent provision or case laws in VAT act?
Profile Image

CA Ravi Kumar Murugesh

Profile Image

CA Ravi Kumar Murugesh (Expert)
02 September 2008 Sorry, VAT credit is not available for interstate purchases and only available for intra state purchases.
Profile Image

P.Gopinath

Profile Image

P.Gopinath (Querist)
09 September 2008 i would like to tell for all intrastate purchaes.
Profile Image

CA. O.P. Agarwalla

Profile Image

CA. O.P. Agarwalla (Expert)
14 October 2008 Mr. P. Gopinath

Please go through the section relating to Input Credit/ Input Credit reversal of your state Act. It is a settled preposition that one can get the benefit of ITC, if only he has acruallt paid the same.
Recersal is must.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details