Will Credit allowed on Rate Differ
This query is : Resolved
12 July 2008
We are dealing in Disposable Items.we Raising Invoice for example of Rs.1000/- against of the same Party make the Payment of Rs.900/-. it Means we have to pass Rs.100/- to Discount, Rate Differ. My Quary is against Rs.100/-, we are paying excess VAT to Government. Can we claim Credit on the same or Not ?
if Yes, then Pls provide me Rule or Circular No. for the same
if Yes, then Pls provide me Rule or Circular No. for the same
12 July 2008
yes, you are eligible to claim the same
12 July 2008
Can U provide me Rule or Circular for the same
28 September 2008
Please go through defination of "sale price" and section relating to "adjustment to output credit".
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- Exiting partner in partnership firm in gst portal
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- LIABILITY ADJUSTMENT
- Can partnership firm show income under 44ad
- ITR-Capital Gain
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
