Dear friends,
i have a question regarding vat input credit whether input credit can be taken on inputs which are used for providing output service but which are not taxable, can i apply for refund for credit taken on inputs
ratala raju (audit manager) (44 Points)
30 June 2009Dear friends,
i have a question regarding vat input credit whether input credit can be taken on inputs which are used for providing output service but which are not taxable, can i apply for refund for credit taken on inputs
RAJU
(LEARNER)
(1089 Points)
Replied 02 July 2009
VAT credit can be claimed from the sale of taxable goods/exports. VAT cannot be linked with Service tax.
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