25 January 2011
Yes you can claim input vat but after reduction of 2 % from total vat. eg : if vat on comuter is 4% then you have to reduce 2% then you can claim only 2%.
27 January 2011
Sir i havee one more doubt, i forgot to mention state, actually i'm asking about AP VAT. U replied that 2% reduction from total percentage. in case if VAT rate 14.5% can we claim only 12.5%, why fully we can't claim?
CAclubindia
