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Utilization of vat input

Vamshi Kanamarlapudi (Article Assistant at Raju and Prasad Chartered Accountants) (52 Points)

05 January 2017

Can we utilize VAT input availed in a division (or a line of business) for setting off VAT output of other division? Same goes with Cenvat credit Thank you.

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6 Replies

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 05 January 2017

Please reply.,

Divisions are in One place (One Compound) or Various place...?

(CENVAT Input Credit is Avialable if Branch Transactions...

VAT Input Credit Not available... It is Only Stock Tranfer under VAT)

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Vamshi Kanamarlapudi (Article Assistant at Raju and Prasad Chartered Accountants) (52 Points)
Replied 05 January 2017

Yes all are in one place (one compund). It's like there are three different Business lines where manufacturing is done at one single place

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 05 January 2017

If you mean...?

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 05 January 2017

Three different business are Three different registration under VAT if available input credit...

Three Divisions in One Registration under VAT... No way...!!!

Vamshi Kanamarlapudi (Article Assistant at Raju and Prasad Chartered Accountants) (52 Points)
Replied 05 January 2017

Oh! Then sir, could you provide me any notification or any provision of an act regarding multiple VAT registrations, i tried but i couldn't get a proper source for it.