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input tax credit

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(Querist)
14 March 2011 can we take input tax credit 12.5% on sales 4% taxable as per VAT rules
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s v rajesh

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s v rajesh (Expert)
14 March 2011 yeah you can avail input credit there's no restriction for % of Input and output relation.
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G.Ramesh

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G.Ramesh (Expert)
14 March 2011 Yes ......you can avail the input tax credit as above
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