Can we take credit of VAT on job work charges by a job worker (i.e printing charges)
For Example:
Printing = Rs 5000 (Includes Labour & Material)
DVAT (5%)= Rs 250
Total =Rs 5,250
Can we take VAT credit of Rs 250 as VAT Input
TDS also deducted by the Client (TDS amount is Rs 105 i.e 2% on Rs 5250)
yes u can take input vat but invoice should be tax invoice ..
Aggarwal Sarawagi and Co
New Delhi
CA
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CAclubindia
