doubt in VAT

IPCC 519 views 1 replies

hello friends please solve my query

suppose mene goods ki dealership abhi li. jab me goods purchase karunga to VAT pay karna padega. mera question ye he ki jab me goods sale karunga to kya me gooods par VAT collect nahi karu. kyuki dealer ko registration 5L ki limit par karana padta he.jab tak mere transaction 5L cross nahi karte tab tak kya me input tax credit nahi le paunga?

plz reply.

Replies (1)
Yes until ur sales is less than rs 5lakh no input cr can be availed


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