vat input
This query is : Resolved
Sandeep Kumar Gupta
(Querist)
20 August 2010
Hi friends....
my Co. is engaged in Real Estate Business. we regularly purchse goods for use in construction of building/mall. these bills includes Vat amt. we do not sell Flats/Shops until their construction is completed so i want to know that wheather i could avail Input Vat on purchased Material without filing Vat returns or not. Thanks & regards
my Co. is engaged in Real Estate Business. we regularly purchse goods for use in construction of building/mall. these bills includes Vat amt. we do not sell Flats/Shops until their construction is completed so i want to know that wheather i could avail Input Vat on purchased Material without filing Vat returns or not. Thanks & regards
CMA Ramesh Krishnan
(Expert)
24 August 2010
If you are raising VAT billing to the customer,then you can take input credit
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