Dear All!
Please clarify if can we take input credit under AP vat on free supply of material made to customer.
Thanks in Advance!
aishwarya s raghavan (student) (224 Points)
05 April 2013Dear All!
Please clarify if can we take input credit under AP vat on free supply of material made to customer.
Thanks in Advance!
MJ Krishnamurthy
(ACCT(Retd))
(7197 Points)
Replied 07 April 2013
Not only you can not take input credit on the free supply made to some body,you have to reverse the input credit already made while declaring purchases,by calculating at the appropriate ratio.......mjk
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
