21 November 2009
Hi, I'd just like to know the documents to be submitted to the sales tax authorities,and the procedure to be followed to claim input tax credit on purchases.
21 November 2009
## How is input tax credit claimed? Input tax credit shall be claimed only on the basis of original purchase tax invoice issued by registered selling dealer. A registered dealer can claim input tax credit on his purchases, if he holds a valid "Tax Invoice" / bill at the time of furnishing his return to assessing authority. ## Whether input tax credit can be claimed , if the original invoice is lost ? Yes. It can be claimed on the basis of duplicate / carbon copy of the invoice obtained from selling dealer.
CAclubindia
