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Negative list of vat

GST 2093 views 4 replies
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SEMI QUALIFIED CMA
37 Points Posted on 07 August 2011

what is nagetive vat.

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On 07 August 2011 at 19:28 Report
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PARTNER
29 Points Posted on 07 August 2011

WHEN INPUT VAT CREDIT IS MORE THAN THE OUTPUT TAX THEN IT IS SOME TIMES CALLED VAT.. WHICH IS TO BE SET OFF FROM CST AND ANY SURPLUS IS BROUGHT FORWARD TO NEXT YEAR

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On 07 August 2011 at 21:03
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ACCOUNTS EXCECUTIVE
575 Points Posted on 08 August 2011

Negative list means "List of goods on which Input vat credit is not available"

 

Regards

Dayananda

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On 08 August 2011 at 13:23
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C.A
368 Points Posted on 08 August 2011

Agree with daya

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On 08 August 2011 at 14:00
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Finance Incharge
122 Points Posted on 08 August 2011

BANSAL IS RIGHT

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On 08 August 2011 at 18:40


CCI Pro

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