Input MVAT

We are a advertising company.

We receive the vat bills of printing & charge VAT on output printing bills. What else can be the credit to set off the output VAT.

We have unutilised credit of Sales promotion activities & Stationary etc. can i take this to set off my liability

Replies (3)

No credit can be availed toward sales and promotional and stationery items. Credit can only be availed inr respect of inputs i.e raw material consumable etc. used in manufure of taxbale commodity

thanks for answer!!

can u please tell me the rule or anything relating to act then please tell me.

1/ My opinion differs littlebit from Mr. kapil Dev with due respect to him.

2. VAT credit can be definatley taken on sales promotional activaties on which VAT Input tax is there, subject to rules and provisions of the Act.

3. Rule 52 50 54 of MVAT Rules are basically for the same.

rbbanwat @ live.com

thats all for the pen at present

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details