Can I take full VAT Credit
This query is : Resolved
20 January 2011
we purchased item @ 12.5% & @ 5 % and sold @ 2% Against 'C' form
Can we take full VAT Credit of that purchase bill against our vat sale or Not.
Is any circular regarding this pls send .
Can we take full VAT Credit of that purchase bill against our vat sale or Not.
Is any circular regarding this pls send .
20 January 2011
Yes you will take 100% vat credit.
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20 January 2011
or sir if same condition we transfer that material to our branch .is it applicable in this case. Sir there is any circullar in vat regarding this which i show to Vat officers if they object on this .
21 January 2011
In branch transfer out of delhi no input vat allowed under sec 10(3)
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