MVAT REGISTRATION DONE ON TURNOVER BASIS CAN WE CLAIM CR. ON BILLS PRODUCED FOR SUCH REGISTRATION
EXAMPLE : 10 LAC BILLS PRODUCED WITH 50000 VAT AMOUNT
CAN I CLAIM BENEFIT OF 50000 AND CAN I TAKE SET OFF OF 50000/- IN 1st VAT RETURN FILLED
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Mvat registration done on turnover basis can we claim cr.
Replies (2)
obviously you have to consider all the turnover for first return filing. and take credit
You get setoff from your Vat registration date.....
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