Treatment of vat on inputs in books of accounts

CA vinod (Chartered Accountant) (518 Points)

06 July 2012  

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)