banner_ad

What is the actual amount that i have to be claimed

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
23 October 2014 Dear all,

I’m very confused and please suggest me how to solve the following issues:

I’m buying taxable goods 5% within the state for Rs- 1,00,000/- (i-e invoice amount Rs.1,05,000/-)

While filing monthly return I’m claiming input tax amount of Rs-5,000/-

While I’m repaying the amount getting 10% rebate for the early payment ( i-e 1,05,000 – 10,500 = 94,500)

My query, the actual amount to be claim Rs- 4,500/- but I claimed Rs-5,000/- how can I solve this problem.
Profile Image

Damodaran

Profile Image

Damodaran (Expert)
23 October 2014 As per VAT act input can be claimed based on invoice, Since payment is irrelevant in vat act, you can claim 5000/-
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
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details