Vat
This query is : Resolved
09 August 2012
Is there any rule under the VAT act stating that the goods which are being purchased must be used for Manufacture for availing the input credit of VAT paid.
10 August 2012
Traders are not involved in manufacturing.
It does not means that they will not get the credit of tax paid on purchases.
It does not means that they will not get the credit of tax paid on purchases.
10 August 2012
Sir,
Does it mean that if we are making any purchases relating to office utilities or purchases for marketing department(Especially for marketing departments expenses like gifts offered by company) are eligible for input credit for vat.
Does it mean that if we are making any purchases relating to office utilities or purchases for marketing department(Especially for marketing departments expenses like gifts offered by company) are eligible for input credit for vat.
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