Dear Friends
Last Month purchase of Items Valive 45000,Input tax 1800, sales of Items Valive 35000 out put Vat 1400
How Much Vat input Creadit
Thanking You
CA Saurabh Shukla
(Accounts Executive)
(223 Points)
Replied 18 March 2010
u will get credit of whole 1,800 during the year of purchase.
for payment of VAT u can use the credit of 1,400.
bal. rs 400 available for next pament of output vat.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
