whether a company is allowed to take vat credit of last yr inthe current financial yr.......and
whether a company is allowed to file vat return if there is only one transaction during the whole yr and only one payment is made
AMIT SINGHI (business) (52 Points)
14 July 2010whether a company is allowed to take vat credit of last yr inthe current financial yr.......and
whether a company is allowed to file vat return if there is only one transaction during the whole yr and only one payment is made
Sunali
(Learner)
(1317 Points)
Replied 14 July 2010
@ VAT Credit
Of Course, the VAT paid in last year can be c/f to current year, provided the ITC has been duly c/f while filling VAT returns viz, VAT-15 and VAT-20.
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