VAT set off

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CA Final Student
36 Points Posted on 24 December 2007

Hi!


If the client do not have the original bills of purchases made in Mumbai on which MVAT has been charged by the vendor, can the client claim VAT set off of the same or Is Tax invoice bill is necessary fo availing VAT credit under Maharashtra value Added Tax Act? If yes, then please specify Section which clarifies same.


Thanks in advance.


 

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On 24 December 2007 at 16:17 Report
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C.A.
2402 Points Posted on 24 December 2007
When ever you want to discuss about VAT, please mention the State. Normally, the section which deals with Input Tax Credit talks about such preconditions of availing ITC. For xample section 14 of Assam Value Added Tax Act, 2003.
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On 24 December 2007 at 18:01
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PRACTISING CA
3022 Points Posted on 25 December 2007
Sheetal first of all tell me from which state do you belong.
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On 25 December 2007 at 18:53
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298 Points Posted on 26 December 2007
hi sheetal, i think for gujarat section 11 is for taking input tax credit under GVAT Act 2003. and in the same tax invoice is necessary for taking input tax credit...
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On 26 December 2007 at 17:16
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Service
22 Points Posted on 27 December 2007
Hi, Sheetal, Original tax invoice is necessary for avail input tax credit.
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On 27 December 2007 at 13:35
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Lawyer
339 Points Posted on 27 December 2007
hi first tell me how can an vendor cliam Input tax credit yarrr ITC can only be claim by the person who purchases the goods as i knwwwww
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On 27 December 2007 at 15:45
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Guest

Posted on 06 January 2008
can input vat on all capital googs be set off against all out put vat. please tell me.
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On 06 January 2008 at 19:30
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Guest

Posted on 06 January 2008
can input vat on all capital googs be set off ahainst out put vat. please tell me.
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On 06 January 2008 at 19:32
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Internal Auditor
522 Points Posted on 08 January 2008
Broadly, input VAT on Capital goods can be availed against Output VAT subject to the condition that Input items purchased are against original Tax invoice & such have been used for value addition in manufacturing/processing.
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On 08 January 2008 at 16:57
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C.A.
2402 Points Posted on 09 January 2008
Dear members, It is my humble submission that please, please..... mention the State to which the question or answer is related. As you know friends that all the VAT Acts in India are not same. Unspecific querry or reply may result in misinterpretation and may lead to.......
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On 09 January 2008 at 17:29

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