whether a company is allowed to take vat credit of last yr inthe current financial yr.......and
whether a company is allowed to file vat return if there is only one transaction during the whole yr and only one payment is made
1 Replies
Sunali
(Learner)
(1317 Points)
Replied 14 July 2010
@ VAT Credit
Of Course, the VAT paid in last year can be c/f to current year, provided the ITC has been duly c/f while filling VAT returns viz, VAT-15 and VAT-20.
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