Menu
Vat help!
Hi, cn any1 throw sum lite on whether 1 can claim credit @ 4% against liabilty @ 12.5% nd also vice versa of it...plz help m confusd!..:|
Replies (2)
Yes u can claim credit as there is no such provision.
Yes,in a manufacturing process,such a situation occurs. The inputs and the output may be of different tax rates and they can be claimed as such. The net tax can be positive or negative.....MJK
Recent Topics :
- Foreign remittance
- Affordable Residential Flats in Gurgaon
- Manufacturing
- TAN REGISTRATION ON E-FILLING SITE
- Form 10-IEA – Continuing Old Regime
- Income tax act 2026
- Belated Return where Form 10IEA filed this year to
- GST Reconciliation Tool (2A vs Books) - looking fo
- TDS ON PF FORM 19 WITHDRAWAL
- Can a virtual office in Mumbai be used for company
Related Topics :
CAclubindia
