Suppose a dealer becomes a Registered dealer in the middle of the financial year in the middle of a particular month,
from which date he shud claim Input vat?
Experts may pls kindly explain in detail.
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Eligible date to claim Input for regd vat dealers in T.Nadu
Replies (3)
When ever the dealers Annual Turnover is exceeds Rs. 10 lakh in that fincial year that dealer can claim input - output tax by filing monthly return every month before 20th of that suceeding month.
if you want get more plz mail me
bargo12 @ gmail.com
to claim input credit his purchase should be inclusive of vat number of the buyer .i.e he can not claim input credit prior to registration, but he can claim input credit in case of capital goods purchased during last 6 months.
Dealer can claim input credit wef effective date of registration.
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