Claim of VAT credit against sale of scrap by service provide
This query is : Resolved
08 July 2009
Hi all,
My client is a Service provider.
They are purchasing various material used for providing service and vendor charges VAT.
They have VAT registration number and they are selling scrap and paying VAT against the same. Can VAT input paid on purchase of material can be claimed against output VAT paid on scrap sale.
Please advise ASAP. Its urgent
Regards,
CA Ajay Tarate
My client is a Service provider.
They are purchasing various material used for providing service and vendor charges VAT.
They have VAT registration number and they are selling scrap and paying VAT against the same. Can VAT input paid on purchase of material can be claimed against output VAT paid on scrap sale.
Please advise ASAP. Its urgent
Regards,
CA Ajay Tarate
09 July 2009
YES
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