VAT CLAIMED

Anand (ACCOUNTS EXECUTIVE) (68 Points)

04 October 2010  

Who will Claimed the vat buyer or consignee.

 

Example : ABC(BUYER) COMPANY PURCHASE IRON STEEL FROM XYZ( SELLER) AND DELIVERED THE GOODS TO KLP LTD.(CONSIGNEE), XYZ CHARGED VAT ON MATERIAL, WHO WILL CLAIMED THE VAT ABC OR KLP LTD. IF ANY NOTIFICATION, ACT OR CIRCULAR PLEASE INFORM