VAT on URD Purchases

This query is : Resolved 

15 January 2009

I want to know is company is liable to pay VAT to govt. on URD purchases? becoz company will pay VAT to govt. on sale of same item, so it may result in double taxation. please give information as early as possible.

rathish kumar.c.c (Expert)
16 January 2009

sure u have pay the tax on urd purchases and u can avail the credit for the utilisation of purchases

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