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Vat credit to beauty parlour

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 April 2012 Hello sir/Madam,
I want to know
whether a beauty parlour can avail VAT Credit on raw material purchased from local dealer against the vat charged on the products sold by the parlour.
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
17 April 2012 Vat credit is allowed to you only if you are not opting for any composition scheme under Vat law.
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CA CS Pawan Jajoo

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CA CS Pawan Jajoo (Expert)
18 April 2012 YEs var credit will be allowed only if you are registered dealer
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