| Originally posted by : vivek khemka | ||
 |
whether purchases from outside India allowable input tax credit . |
 |
No credit allowed on the same as VAT is not paid in that state.
Menu
Input Credit of VAT
No credit allowed on the same as VAT is not paid in that state.
No you cannot claim the amount back as you must have charged the same to your customer. This can be adjusted only at the time of audit. He can allow the same, provided that the principle of unjust enrichment is satisfied.
SIR/MADAM,
Thank you for your previous valuable reply. I have one more problem as described below.
We have made a sale outside West Bengal (On April 2012) to a registered dealer and charged CST @ 2%. party has made the full payment also. But now the party is not providing "C" form and they are saying that thay have shortage of C form and they are ready to pay excess 2% if we provide them a invoice with 4% VAT (as sale to unregistered dealer out side the state).
Please help me to solve this problem and give me the correct legal guid line.
First you ask to your supplier that why he dos't write the amount of vat seprately is this is good is expmpted or he do'nt have your TIN NO. so he supplied you as a Un-Reg. Dealer than you take this credit
if he do this mistake than you take credit of 4% Rs.48/- no subsidy effacted on that
Ans of secound question "C" form
If the party can't provide you a C form than you pay the rest amount of tax to the department and made a debit note to the buyer.
Recent Threads
- Check ITR1 on income tax Form ITR1 Instead of 1 ho
- Form 121 requirement
- Interest on reversal of ITC when ITC balance avail
- Is MirrorFly an Instant Messaging Software?
- ITR filling for legal heir
- How Can I qualify CA Final Exam?
- Wrong reporting on 22 april 2026 under article inc
- Articeship Form 107
- TAN for Multiple States
- Delivery Challan serial number Issue and return ru
Related Threads
CAclubindia
