Urd tax on advance

This query is : Open

Chirag Sheth (Querist)
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05 November 2014 Dear All,

I am from one NGO and we have made one contract with one NGO for food supply. As per the contract we have to get some amount as advance in chq. But NGO has given us their material stock against the advance. Now whether we have to pay VAT as this is the URD purchase ?

Please advice.

CA CHIRAG DOSHI

CA CHIRAG DOSHI (Expert)
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05 November 2014 NO YOU DONT HAVE TO PAY MVAT ON URD PURCHASE,
ALSO IF YOU DONT HAVE RC U CANT TAKE INPUT SET OFF

CA CHIRAG DOSHI & CO
9833027231

Chirag Sheth

Chirag Sheth (Querist)
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05 November 2014 Dear Sir,

Can u share some document evidence for the same,so i can save for future audit queries.

Also please note that we haven't taken any input against that stock transfer.

Thanks in advance

Chirag Sheth
09924204464

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