T S D ( ) (236 Points)
26 April 2012
CA Sripal Jain
(Associate Finance)
(709 Points)
Replied 26 April 2012
i see no reason why u cant claim vat credit
Devendra
(Chartered Accountant)
(4775 Points)
Replied 26 April 2012
Respected Sir,
As per my knowledge, you can avail the Input VAT credit after retention @ 3%. (4% - 1%) ie 1% VAT can be claimed as Input credit.
Please wait for others to comment on the same.
Regards,
Devendra Kulkarni
Rakesh Panwar
(Accounts Resource person)
(32 Points)
Replied 03 May 2012
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