12 October 2013
Dear Experts,
My client Received some material which are pending for Quality Check, Not recognized as purchases in books but availed Vat Input. is it correct. please give me your valuable suggestions. can I avail the credit or not??
12 October 2013
No.. until n unless yu treat it as purchase you are not suppose to claim input VAT. If you have you may file revised return and pay the necessary taxes with interest and penalty if applicable
CAclubindia
