As regards tamlinadu vat act the regn is to be taken when the turnover is not less than Rs 10 laks per year for dealers purchasing and selling in side the state.
In this regard i would like to know whether the limit of exemption up to 10 laks is available each year.?
If so what to do regarding the input tax paid on purchases?can it be set off against the vat collected later?
limit of exemption up to 10 laks is available each year
input tax paid on purchases cannot be availed
Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
View Details
Boutique Investment Bank & Transaction Advisory Firm
Gurgaon
CA
View Details
CAclubindia
