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Vat input

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 October 2012 If a company did'nt took vat input in the year of expence incurred(2010-11) and in current year (2011-12) taking the input.
Can Co. do this if according to us it is also a prior period exps because bill of Exps relates to 2010-11 and recd by co in 2010-11.
What will happen if it is not cover under prior period exps but vat input is going to be availed in current year?
Is co. is doing correct? if yes kindly reffer the section and if not kindly reffer the section for the same
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Prakash Kochar

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Prakash Kochar (Expert)
07 October 2012 In which State company is? Related to capital assets or other purchases?
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Querist : Anonymous

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Querist : Anonymous (Querist)
07 October 2012 It is Hariyana VAT and it is for other purhase
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