what is input tax credit?
nd what is the rate for input tax credit on stock transfer
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querry about VAT
Replies (3)
Input Tax - It means when you have purchased any item, for further processing, the amount of VAT/CST/excise paid on it. This amount is available to utilised against your liability to pay tax.
thnx buddy
can u tell me what is the credit limit on stock transfe
Upto 4 % credit you can avail on stock transfer.
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