Kindly suggest whether i can purchase fixed asset from outside gujarat whom work contract is given in composition scheme (Vat) and if so, I can purchase can I issue 'C' Form to the vendor. As per my knowlege I cannot purchase fixed assest from outside gujarat if work contract is given in Composition scheme (VAT). KINDLY SUGGEST in this regards. Regards, Shailesh
02 April 2012
normally for the composite dealers, the chain of input tax credit and output tax credit is not available. so your assumption is correct. you can prceed with the same
CAclubindia
