Input Credit on Sub-Contractor's Tax Invoice

Dear All,

 

One of my client is constructing apartments in Bangalore he is collecting the Vat tax applicable under the Act. He is charging 12.5% on 70% of the amount during the year 2009-10. he has given some subcontract work to some registered dealers. The sub-contractor is charging 12.5% on 70% of the work done. The client is not claiming exemption of Sub-Contractor's charges from the turnover.

 

My question is, can my Client take the input tax credit based on the sub-contractor's tax invoice?

 

Thanks,

 

Ramakrishan

Replies (1)

OBIVIOUSLY HE CAN TAKE CREDIT OF SUCH INPUT

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