Input tax Query

I think by using Form Vat 15 you can avail the input tax credit. Generally it is used for brought forward of excess credit. But please confirm about this.

Dear Mr.Pavan,

During the second quarter, if you have shown these goods as your purchases in the returns, either you can carry forward the excess input tax credit or claim Refund while filing second quarter returns.

If you have not shown these purchases in the second quarter returns, directly it is not possible to show and claim the same.

however, you can file revised returns for second quarter (check the possiblities) and claim the Input tax credit.

Subramanya

i also agree with mr, subramanya

&i think u can't fill revised return because its last date is next quarter's return due date or return filled of next qtr whichever is earliar

I would like to know if a export oriented manufacturing  unit pay commission to foreign or Indian agents 

is it under the purview of service tax and secondly can input tax credit can be availed for the service tax

paid by the unit on various services received by it.

From which web site I can see the latest notification issued  in respect of Indian budget 2010-11 notification for excise and service tax as www.cbec .com not showing the latest notification issued 

following the budget.

with best regards,

Ashok Sharma

WHO WILL TAKE INPUT TAX CREDIT IF WE DELIVER THE MATERIAL WITHIN STATE WITH VAT BUT BILLING TO OUT OF STATE. FOR EXAMPLE: 

A (DELHI) RECEIVED ORDER FROM B (GUJARAT) FOR DELIVERING MATERIAL TO C AT DELHI AS PER TERMS & CONDITIONS OF PURCHASE ORDER.

A DELIVER THE MATERIAL TO C AT DELHI WITH CHARGING VAT ON INVOICE AND MAKE BILLING ADDRESS TO B (GUJARAT) AND DELIVERY AT C (DELHI). IT IS LOCAL SALE BECAUSE WE CHARGE TAX AS PER MOVEMENT OF GOODS. BUT I WANT TO ASK IN THIS MATTER THAT WHO WILL TAKE INPUT TAX CREDIT BECAUSE WE CHARGE VAT AND GOODS ALSO MOVED WITHIN STATE.

KINDLY SUGGEST.

AMBRISH

The buyer is the owner of the goods are eligible for taking input Tax Credit.  Here B is in Gujarat is the buyer but stock delivered to C In Delhi. B Cant take input tax credit becuase VAT is paid to Delhi Government and not to Gujarat Government.  C is not the ultimate owner of the goods and C Also can't take input Tax Credit. So neither B or C is eligible for Input Tax Credit.  If A can raise Bill directly to C, then C can take credit.