Vat

may i know wats the nature of ur business?

WE ARE INTO MANUFACTURING PROCESS AND TWO VEHICLES (LORRY CUM TRUCK) WILL BE SOLELY USED FOR BUSINESS PURPOSE.

Credit is available in respect of capital goods only if used in maunfacture or processing like plant and machinery,eqipments etc.

Also,Credit is only allowed in case purchase is made in same state.

And Credit is spread over 3 financial years and not in the first year itself.

Hope u got ur answer.

SHOULD i ask For retail Invoice or tax Invoice? 

Retail invoice is OBVIOUSLY BETTER IN UR CASE BUT IT IS ISSUED TO ONLY UNREGISTERED DEALERS/ PURCHASERS.

To sum up all..... I cant claim Vat Refund on vat paid on these vehicles purchase at the time of filling Vat Return and I should ask for Reatail Invoice from the dealer.

u got it rite..