input credit

699 views 2 replies

 

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.
Replies (2)
Originally posted by : pawan
 
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.

  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

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..............

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