Vat input credit rules
This query is : Resolved
22 November 2011
Hello,
I need a urgent reply on below DVAT (Delhi) related query:
A company selling goods and services in delhi which is exempted from DVAT except Scrap sale.
Now i would like to know that -is there any rule in DVAt to claim input VAT - which are being paid for other that raw material as co is paying Vat on scrap sale.
Request to prive complete reference of claiming Input Vat. regarding DELhi .
I need a urgent reply on below DVAT (Delhi) related query:
A company selling goods and services in delhi which is exempted from DVAT except Scrap sale.
Now i would like to know that -is there any rule in DVAt to claim input VAT - which are being paid for other that raw material as co is paying Vat on scrap sale.
Request to prive complete reference of claiming Input Vat. regarding DELhi .
24 November 2011
Mr. Upadhyay,
In all states,vat paid on goods purchased for manufacturing exempted products is not admissible as input tax credit.On scrap sale you have to pay VAT without any ITC.
MJK
In all states,vat paid on goods purchased for manufacturing exempted products is not admissible as input tax credit.On scrap sale you have to pay VAT without any ITC.
MJK
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