Treatment of vat on inputs in books of accounts

Others 827 views 1 replies

Hi friends...

What is d treatment of VAT on Inputs if the supplier is Composit Dealer ?  As far as I know we can't claim VAT paid by the composit dealer, So can we include this into cost of Material.  Please correct me if I'm wrong. 

Can a supplier registerd for COT issue Tax invoice ?  (As per KVAT)

Replies (1)
Yes you are correct. Also tax invoices has to be raised, if you are charging any amount of tax on the said invoice.


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