Please tell me if we buy goods from other state and paid ful vat @ 12.5% or 4% whatever . Is we can get the input tax credit agst those purchase and if yes what are the formalities for that ot if Not then why
27 December 2008
NO INPUT CREDIT AVAILABLE ON INTERSTATE PURCHASES. NO AVAILABLE BECAUSE LAW STATES THAT. SO YOU QUESTION IF THEN WHY ? IS IDEAL FOR THE FINANCE MINISTER TO ANSWER
CAclubindia
