Regarding the sale and purchase & VAT

This query is : Resolved 

27 December 2008 hello every one

Please tell me if we buy goods from other state and paid ful vat @ 12.5% or 4% whatever . Is we can get the input tax credit agst those purchase and if yes what are the formalities for that ot if Not then why


Please reply as soon as possible

27 December 2008 No Input vat credit(ITC) can be claimed on central sales tax paid on outdside state purchases.

27 December 2008 No Input Vat Credit.

Input Vat credit is allowed only on purchases within the state.


27 December 2008 NO INPUT CREDIT AVAILABLE ON INTERSTATE PURCHASES.
NO AVAILABLE BECAUSE LAW STATES THAT. SO YOU QUESTION IF THEN WHY ? IS IDEAL FOR THE FINANCE MINISTER TO ANSWER



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