MNarayanan (Book- Keeper) (169 Points)
23 March 2011Suppose a dealer becomes a Registered dealer in the middle of the financial year in the middle of a particular month,
from which date he shud claim Input vat?
Experts may pls kindly explain in detail.
sundaresan
(partner)
(288 Points)
Replied 26 March 2011
When ever the dealers Annual Turnover is exceeds Rs. 10 lakh in that fincial year that dealer can claim input - output tax by filing monthly return every month before 20th of that suceeding month.
if you want get more plz mail me
bargo12 @ gmail.com
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 27 March 2011
CA Saiyum khan
(Practicing CA)
(690 Points)
Replied 28 March 2011
Dealer can claim input credit wef effective date of registration.
CAclubindia
