Vat

OF COURSE YES....

Yes...!!!! u can only in case its related to your business transaction...!!!

yes                                                                                                       

The transaction was occured in this manner:-

MAterial VAlue-48090

Discount-17908

Vat @ 4%- 1207.26 and in terms and condition it was written that Cenvat includes EDGP. Whats that?

But the entry made by the enterprise was :-

Supplier A/C ..... cr.                                                            31381                    

Purchase of General stores A/C ....dr.         28488

Cenvat control A/C.....dr.                                  2893.

The company purchases roller bearings... PLEASE ADVICE ME WHAT IS RIGHT OR WHAT IS WRONG?

I think EDGP stands for excise duty gate pass and Amount of Rs.2893 pertains to excise duty on material purchased. If they my above understanding is right than the entry is corrrect. As far as vat credit concerned you need to look into the respective state law for eligibilty of the credit.

Regards

Dayananda

yes we can take subject to some condition .