1. Is the invoice date should be taken to claim the input credit under Karnataka VAT or Date of receipt of the invoice.
2. Another situation where in the dealer receives the invoice in the month of december 2010 and the same is taken into stock in inventory software maintained by the shop. However there is delay in forwarding the said invoice to accounts department and is accounted in the month of January 2011. Whehter client should claim the credit in december 2010 by revising the VAT return or can it be claimed in the month of January 2011 during which acounting entry is passed.
please calrify
CAclubindia
