Input credit eligibility
This query is : Resolved
06 June 2015
SIR,
We are into MNUFACURING of Confectionery Products...We are giving Glasses,CAPS etc.. as free on purchase of 1kg,5kg of our Products..
We are purchasing these free items from a VAT dealer, My query is shall we take Input Credit of VAT ..
Please reply...
Thanks...
We are into MNUFACURING of Confectionery Products...We are giving Glasses,CAPS etc.. as free on purchase of 1kg,5kg of our Products..
We are purchasing these free items from a VAT dealer, My query is shall we take Input Credit of VAT ..
Please reply...
Thanks...
06 June 2015
You can't take VAT credit on free items.
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