Our Company is covered agriculture industry that's why TIN number is not required.
Please tell me:
Is there any relaxation on input tax(VAT or CST @ 5%/12.5%) ?
4 Replies
Akash Jain
(CA Final Student)
(261 Points)
Replied 30 November 2012
Where the thing itself is exempt you cannot claim exemption or input credit on it.
RAJ KUMAR BHANDARI
(FINANCE)
(165 Points)
Replied 30 November 2012
| Originally posted by : Mithil Munot | ||
 |
No, You can get refund of Input Vat |
 |
How Can, yu get Input Mithil Munot !
Please share with us, we are waiting
CA jatin k Gohil
(CA Practice)
(95 Points)
Replied 30 November 2012
As your Company is covered agriculture industry and thier is not requirment of TIN number, so you cann't take a input tax credit of VAT
There is no any relaxation on input tax and tax will become expenace for you.
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