Who have applicable to take credit input vat.
This query is : Resolved
p.prabhakaran
(Querist)
14 August 2011
respected sir.
i have one doubt in input vat credit.in bill 3 things in the there. one buyer, consinee, seller.in seller take output tax itsover. next in buyer & consinee who will take a input credit. payment made by buyer.
thanking you in advance
i have one doubt in input vat credit.in bill 3 things in the there. one buyer, consinee, seller.in seller take output tax itsover. next in buyer & consinee who will take a input credit. payment made by buyer.
thanking you in advance
Preety Parik
(Expert)
14 August 2011
It is the person who has paid the bill i.e buyer is eligible for input credit.
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