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Input tax credit

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 August 2011 if a person purchased a car of rs.5 lakh and pay vat on this transaction and after 2 years he sold the car in rs.3 lakh.?
can he get input tax credit...
if yes than what amt....
if vat is 5%.....
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Preety Parik

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Preety Parik (Expert)
06 August 2011 Input credit of VAT paid on Motor car purchase not allowed.
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Querist : Anonymous

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Querist : Anonymous (Querist)
22 August 2011 thanks for ur suggestion
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Querist : Anonymous

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Querist : Anonymous (Querist)
22 August 2011 is there is any method to obtain itc

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