Urd tax on advance
This query is : Open
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.
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.
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
ALSO IF YOU DONT HAVE RC U CANT TAKE INPUT SET OFF
CA CHIRAG DOSHI & CO
9833027231
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
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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