VAT CREDIT in FOOD PRODUCT


01 May 2010 Respected Experts,

Can any one tell me any vat credit is available on food products purchased from local market?

06 May 2010 Local market food purchase generally retailers issue the retail invoice and they will not charge VAT , incase they will charge they will provide the Tax Invoice and based on that you can take if the State VAT allowed to take the same. so first you refer the State VAT act with reference to your business and get clarity

07 May 2010 but we are purchasing from HAVMOUR and they issue us bill so what is to be done???




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