CA Dauzi Pathan Imran Khan (Chartered Accountant in Practise) (1678 Points)
26 March 2013
A small doubt regarding VAT in practical sense. I am an internal auditor for dealers of Automobile.
They will buy Petrol average 40 Litres per month. In Andhra Pradesh, Petrol is VATable at 31% under Special floor rate.
My doubt is can we avail Input VAT credit on Special floor rate Vatable items i.e Petrol. If so, how the invoice should be?
sumit kumar
(Ca Final)
(174 Points)
Replied 26 March 2013
we cant avail the input tax credit of tax paid on petrol watever the case maybe.
Shruti
(Student CA Final )
(21 Points)
Replied 17 July 2013
CAclubindia
