Input vat creidt

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Tallam Harish Kumar (Querist)
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29 June 2012 Can we take a input VAT credit inrespect of VAT amount paid in hotel ?

CA Hardik Bunha (Expert)
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29 June 2012 it is dependent on you method wether u r following credit system or lump sum system.

generally hotel takes lump sum system.

Tallam Harish Kumar (Querist)
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29 June 2012 we are following lumsum method at that time can we take that one as input credit?

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