We are registered for service tax but are unregistered under VAT. If goods (Paint, welding rods, nut bolts etc...) are purchased and utilised (consumed) for providing services to client, credit for VAT paid for purchasing material can be taken against service tax we have to deposit? (erection, installation services)?
Regards,
NICE QUERY , THIS IS COMMAN PROBLEMS PLEASE GIVE REPAY ANYONE
I was bit confussed with VAT credit mentioned in CENVAT credit rules. Thanks for clearing doubt.
Thanks all for responding.
Dear all
I have waited for another ans.
VAT is State Legislation and revenue go to the State where sales are effected.
Service Tax is Central Legislation and revenue goes to the Central govt.
You can not pay tax to local Govt and expect credit from Central Govt.
CAclubindia
