input credit

This query is : Resolved

Radhika (Querist)
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10 September 2008 My Company Registration For delhi Vat in September 20. But it Issued a bill in august with Vat & He also Purchase In july & August with Vat Input

Can Company Claim For Input Vat Taken In july & august &

In Vat return it not taken Input & Out put vat Before Registration

What is the Time limit for input taken Before Registration is it 30 or 60Days

CA. O.P. Agarwalla

CA. O.P. Agarwalla (Expert)
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15 September 2008 In Assam, it is very clear that ITC can be availed only on Tax Invoices and tax invoices can be issued only to registered dealers. Accordingly, taxes paid by you before the date of registration is not availabe.

I hope there must be some similar provisions in Delhi VAT.

However, there may be a good scope of tax planning. Pl. see the following points:-
1. Date of liability of registration.
2. Date from which sales are liable for VAT in your case.