input credit

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 March 2010 Dear all,

we are running hotel, registerd in Karnataka VAT, we are collecting VAT 12.5% from customers. can we avail input credit for all like direct and indirect Exp. please give me reply

09 March 2010 Dear Anonymous,

As you are into Hotel Business in KVAT jurisdiction and collecting VAT 12.5% from customers. Here you cannot claim / avail VAT input Tax Credit for the purchases made.

Regards
Balu



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