Input credit
This query is : Resolved
06 June 2015
Dear all,
In a trading company if we purchase goods on local under vat 14.5% and sale same goods on outstation against C form. In this case we are eligible to take input tax or not?
please explain this.
Thanks in advance
In a trading company if we purchase goods on local under vat 14.5% and sale same goods on outstation against C form. In this case we are eligible to take input tax or not?
please explain this.
Thanks in advance
06 June 2015
Yes you are eligible for input but you need to take refund or carry forward the same as per vat act of concerned state
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