FL 3 Liquor Licence holder can claim Input of Vat

Liquor License FL3 holder in vat regime should paid tax on sale price

or regular returns in sale minus purchase =vat payment

which type of payment required


please guide me
Replies (1)

Whether you can claim a set-off (Input Tax Credit) on VAT for liquor depends on your state's specific VAT laws. It is generally permitted for registered dealers, but it is often subject to specific formulas, conditions, and limitations—not necessarily a full refund of the tax paid. You should consult a local tax professional to review the specific VAT rules and notifications applicable to your state and your FL-3 license.

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