pawan (service) (93 Points)
25 January 2010
| Originally posted by : pawan | ||
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1.Can we adjust input tax paid on purchase of stationery items against output tax payable on sale of chemical & fertilizer? 2. we know that if we purchase goods from unregistered entity, we have to pay purchase tax .Can we adjust such purchase tax against output tax payable. |
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no ,brother you cant adjust input of stationery items with sale of chemical & fertilizer because you are registered for sale and purchase of chemical fertilizers if your work is related to staionery items as per your registration certification only then you can claim input
your other question purchase from unregistered dealer no you cant claim input also in this case input credit becuase unregistered dealer dont have tin no and you hve to show in your return the tin no of dealers
hope all this solve your query
Sorabh Gupta
(Manager ( Taxation ))
(877 Points)
Replied 25 January 2010
Dear Pawan
First of all you can't take the credit of VAT on stationary items . And same it is for 2nd question that you can't take credit on purchase from unregistered dealers..............
CAclubindia
