Can i claim input credit for Zero rated sales?
3 Replies
Shruthi
(Article Assistent)
(336 Points)
Replied 06 December 2013
Hi Guru,
Yes you can claim Input tax credit on Zero rated goods.
Piyush Tanwar
(Assistant Manager - Accounts)
(1432 Points)
Replied 06 December 2013
Illegally you can claim input on Zero Tax goods...
But If you want to do business legally, then you cann't take input on zero tax goods.
Piyush Tanwar
Article Assistant
Tiwari & Associates
New Delhi
M- 09717468521
Email - imcoolpiyush.tanwar @ gmail.com
Shruthi
(Article Assistent)
(336 Points)
Replied 06 December 2013
Check this link for reference
https://caclubindia.s3.amazonaws.com/cdn/files0512/59_vat.pdf
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