Eligible purchases for availing input tax credit
1) for being used in the execution on works contract.
2) for making zero - rated sales
what is the meaning of "execution of works contract" and "zero-rated sales"?
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Vat related querries
Replies (2)
Hi Friend,
Zero rated sales in VAT means, the rate of Vat for the sale shall be nil and still u can claim the input credit.
S.V
Due Date of Payment of VAT and filling of VAT Return
1. For Newly form Company and Proprietory Concern
2. For Existing Company and Proprietory Concern
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