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Will Credit allowed on Rate Differ

This query is : Resolved 
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(Querist)
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
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Sanjeev Kumar

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Sanjeev Kumar (Expert)
12 July 2008 yes, you are eligible to claim the same
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Devendra Tambe

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Devendra Tambe (Querist)
12 July 2008 Can U provide me Rule or Circular for the same
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CA. O.P. Agarwalla

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CA. O.P. Agarwalla (Expert)
28 September 2008 Please go through defination of "sale price" and section relating to "adjustment to output credit".
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