Hi
I am filing Vat re-12.5% , we have raised invoice for software to our client can I get Vat output credit on the stationeries, and other items purchased fro our company on this Vat
HEM CHANDRA
(TAX CONSULTANT)
(95 Points)
Replied 23 June 2008
Vat paid on stationeries are not liable to claim credit. Therefore, no vat credit on vat 12.50%
manjula
(Articles Asst)
(641 Points)
Replied 23 June 2008
hi on which i can take credit
for software poduct selling
can any one help me
M P Singh
(Service - Finance & Taxation)
(180 Points)
Replied 23 June 2008
Joshi Radhesh K.
( student of pcc)
(44 Points)
Replied 30 September 2008
No , you can take credit only ur trade item which purchase for sale
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
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