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Is tax to be paid to urd purchases in as per kvat

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Guest

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Guest (Querist)
29 May 2014 dear sir/madam,


is company is required to pay tax on urd purchases and can take credit.please answer to my question
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Santosh Kalburgi

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Santosh Kalburgi (Expert)
29 May 2014 Hello,
Yes, the company has to pay VAT on goods purchased from a URD if those goods are taxable. And on paying, the same, can be taken as Input credit.
Regards,
Santosh G Kalburgi
Cost Accountant
9742022309

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