Vat

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ankita gupta (Querist)
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11 October 2013 Gud Evening

Please help regarding VAT and CST
please provide any notification or provision regarding purchase disallwed in VAT/CST

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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12 October 2013 query is not clear. please elaborate in detail

CA Pallav Singhania

CA Pallav Singhania (Expert)
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12 October 2013 Didn't understand your query completely but still hoping this may resolve your query:

Purchases not eligible for Input Tax Credit

Input tax credit may not be allowed in the following cases:

a)purchases from unregistered dealers;

b)purchases of goods as may be notified by the State Government;

c)purchases from registered dealer who opt for composition scheme under the provisions of the Act;

d)purchases of goods where invoice does not show the amount of tax separately;

e)purchases of goods, which are being utilized in the manufacture of exempted goods;

f)purchase of goods used for personal use/ consumption or provided free of charge as gifts

g)goods imported from outside the territory of India

h)goods imported from other States viz. inter- State purchases.

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ankita gupta

ankita gupta (Querist)
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12 October 2013 sorry for that
i wanna know, there is any rule/notification regarding reversal of ITC On difference in days (invoice date and good receipt date),
if there is any provision/rule/notification, then how many days assumed for that