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Input credit on vat

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 May 2016 1. What are the purchases we can take input VAT credit on paying Output VAT on Sales?

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Amol S Joglekar

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Amol S Joglekar (Expert)
10 May 2016 The VAT rules differ from state to state. But by and large, in normal course i.e. without composition scheme etc., one can claim full set off on input credit.
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
10 May 2016 Local purchase vat and vat paid on URD Purchase can be eligible to take as Input credit.
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
10 May 2016 Local purchase vat and vat paid on URD Purchase can be eligible to take as Input credit which is part of production of final output.

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