Orissa VAT
This query is : Resolved
30 July 2009
In a manufacturing unit we purchasing RM/PM from local market and pay VAT on it.
My question is:-
1. how many years we can carried forward the ITC on VAT( input tax credit ) even if we are started our production and not availing the credit benifit.
Regsd
Pankaj
My question is:-
1. how many years we can carried forward the ITC on VAT( input tax credit ) even if we are started our production and not availing the credit benifit.
Regsd
Pankaj
09 January 2012
As far as I remember you can claim the ITC upto 12 Months....(if no purchase & sales are there, after 12 months it will be forfeited)
But in your case as you have already shown it in your return... I think no problem will be there as the ITC is a carried forward balance...
But in your case as you have already shown it in your return... I think no problem will be there as the ITC is a carried forward balance...
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