EASYOFFICE
EASYOFFICE

Input vat

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(Querist)
30 October 2013 Dear sir,

We clearing material @5% vat under AP vat, where as we are using one main raw material on which we are getting 14.5% input vat, shall we can take credit entire 14.5% or proportionate . If proportinate means what formula shall apply .Pls clarify
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
30 October 2013 if VAT on final product is more than the vat on input, then you can take entire amount of ITC

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