Mvat registration done on turnover basis can we claim cr.

Krishna seva das (TAX CONSULTANT) (1036 Points)

15 July 2014  

MVAT REGISTRATION DONE  ON TURNOVER BASIS CAN WE CLAIM CR. ON BILLS PRODUCED FOR SUCH REGISTRATION

 

EXAMPLE :  10 LAC BILLS PRODUCED WITH 50000 VAT AMOUNT

 

CAN I CLAIM BENEFIT OF 50000 AND CAN I TAKE SET OFF OF 50000/- IN 1st VAT RETURN FILLED