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Input tax credit

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 August 2012 Sir/Madam

i a dealer in printing materials. i purchase form local dealer and sell to outstation parties as well as local parties. My doubt is where i am eligible for input tax credit which i have purahsed locally and sell to cst dealers.
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CA Umesh Sharma

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CA Umesh Sharma (Expert)
20 August 2012 Dear under MVAT Act and Rules, setoff is allowable to you on local purchases and sold to cst dealers.
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CA CS Pawan Jajoo

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CA CS Pawan Jajoo (Expert)
21 August 2012 agreed with expert
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