Hi
PL tell can we take Input tax credit of VAT on expenses. Suppose we purchase stationery for office use amounting Rs. 4000 on that VAT Amt is 200 . so can amt of 200 be adjusted agst the input tax agst purchase.
Thanks
Brajesh gautam (student) (232 Points)
08 December 2011Hi
PL tell can we take Input tax credit of VAT on expenses. Suppose we purchase stationery for office use amounting Rs. 4000 on that VAT Amt is 200 . so can amt of 200 be adjusted agst the input tax agst purchase.
Thanks
RENGARAJ R.K
(ADVOCATE)
(7557 Points)
Replied 22 December 2011
No, stationery purchase is not allowed for input tax credit.
regards,
rengaraj r.k