Set off on Purchases
This query is : Resolved
06 November 2009
I have Purchases the Goods from Registere Dealer from Maharashtra & which are elegible for Set off.
My Query is Invoice Date is March,09 dated 31/03/09, but I have received the same in the Month of April,09. can I take the Credit of Set off in the Month of April,09.
If yes, then provide me the Under which Section or Rule, I can take the Set off on Purchases on Above Purchases, or is there any Circular for this?
My Query is Invoice Date is March,09 dated 31/03/09, but I have received the same in the Month of April,09. can I take the Credit of Set off in the Month of April,09.
If yes, then provide me the Under which Section or Rule, I can take the Set off on Purchases on Above Purchases, or is there any Circular for this?
06 November 2009
when you have booked the purchase in your accounts. if you have booked the purchase in March then you should revise your return, if the purchase is booked in april then take input credit for april.
06 November 2009
Thanks for your reply.
Provide me the Relevant Section or Rule under Maharashtra Value Added Tax, 2002.
Provide me the Relevant Section or Rule under Maharashtra Value Added Tax, 2002.
07 November 2009
as per excise rule when material recd it should be entered in Book of account. you cant take excise and vat in april-2009.if bill was an other state form C to be issue in march.and bill entered in books when its recd.
29 November 2009
I think if you did not book this purchase in your book then you can revise your eailer return or take input credit in april
30 December 2009
i beleive there is no time restriction for taking credit in VAT act as well as excise act, whever you have booked the purchase, u can avail the credit.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Disallowance of Section 43B(h) to sez units
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Redevolpment of bldg in mumbai
- Refund of AY 22-23
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
