I want to purchase a bus for the pick-up and drop facility for my employees. Under normal conditions I would be paying 12.5% VAT had I been purchasing the bus for generating business. But under this condition I am not doing any business by the purchase of the bus. Can I claim exemption from the payment of VAT by giving Form C to the showroom??
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Form C
Replies (2)
hi dear
Examption is available in inter-state purchase or sale but . charageble VAT so you can not claimed of examption
but if u will purchase bus from the same state than 1/3 of input tax u can claim and that will be set off from output tax.
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