Whether input vat can be availed for the sale of food stufs. One of my client is engaged in the business of hotel and they r charging VAT at the rate of 2% on the sale they made. Whether they can setoff such thing on the purchases they made (VAT is charged at 12%).
Menu
VAT input credit rules
Replies (3)
2% is not a standard rate of vat, it may be composite levy without ITC
an unregister dealer sale printing and stationery to our client by charging vat @ 4%. our client is register dealer. whether our client can take input credit. or whether he should ignore paying vat to unregister dealer
| Originally posted by : sandeep gupta | ||
 |
an unregister dealer sale printing and stationery to our client by charging vat @ 4%. our client is register dealer. whether our client can take input credit. or whether he should ignore paying vat to unregister dealer |
 |
Unregistered dealer can neither charge vat , nor can issue tax invoice. if they do so, ask them to provide / print vat number on their such invoice, or refuse to pay vat charged.
Recent Threads
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
- Query under faceless assessment
- Purchase of business
- Refund of ITC for advance paid to overseas supplie
- Clubbing query (when gifts given to multiple fami
- Transfer Pricing Audit Upload Form 3CEB - Income T
- Only a Few Pages Indexed by Google Despite Sitemap
Related Threads
CAclubindia
