Poonawalla fincorps
Poonawalla fincorps

input credit

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 December 2010 client dealing in newspaper business i.e., publishing and circulation.

Client claiming input credit on stores and spares used for maintainance of machines, as eligible for input credit

Is it correct to claim the input credit on the above apart from purchases?
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
13 December 2010 if he is paying output Vat then he can claim input vat. if he is exempt from vat then he can not claim input vat.

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