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ITS URGENT

Harsh Saboo (Article Assistant) (30 Points)

24 September 2009

Can any1 help out about the Vat input credit. lik i want to know the what is the time period for vat input credit which i ve taken?; I just want to know the time period for availing the input vat credit...

Thanks & Regards

Harsh saboo

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5 Replies

CA Sumit Arora (CA) (1411 Points)
Replied 24 September 2009

There is no such time to avail vat input credit. You can avail vat input credit irrespective of time period if you have sufficient balance to set off with vat payable.

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rathish kumar.c.c (tax consultants) (271 Points)
Replied 25 September 2009

kindly give the details of availing input credit or adjusting the input credit

Madhukar (Accounts Manager) (36 Points)
Replied 25 September 2009

Dear Harsh,

For wich quarter u want to take set off.

have u already filled the returns and later u came to know that the set off was skip so now u want to take ?

give the detials.

amit jain (Chartered Accountant) (532 Points)
Replied 01 October 2009

vat credit can be taken only to the extent of credit avilable specified in the returns

Harsh Saboo (Article Assistant) (30 Points)
Replied 05 October 2009

@ Madhukar

I ve filled the returns monthly and i ve taken the credit also and there is no sales so there is no vat payable.. so now this credit still wht time can i take..