Easy Office
LCI Learning

Vat input credit

This query is : Resolved 
Profile Image

Profile Image

(Querist)
07 July 2011 pls suggest me when can we take vat input credit in our book whether on invoice date or payment date.
Profile Image

S.P.Mahanta

Profile Image

S.P.Mahanta (Expert)
07 July 2011 As per VAT rules, VAT input credit can be taken immediately on receipt of invoice alongwith inputs. Input credit has no relation with payment date.
Profile Image

KRUNAL VINODRAY THAKARAR

Profile Image

KRUNAL VINODRAY THAKARAR (Expert)
02 August 2011 Yes, Exactly, VAT Credit can be availed on receipt of Invoice and has no relevance with the Payment of the same.
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links