Input Credit availment/Non availment

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..... Input Credit availment/Non availment
Query (Issue) Started By: - Pradeep Kumar Dated:- 6-1-2016 Last Reply Date:- 22-3-2016 VAT + CST
Got 2 Replies
VAT / Sales Tax
Dear All Kindly provi .....

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..... de me the reply of following issue: a) Company has not availed the credit of VAT charged by the person from whom vehicle was repair. b) Company has not availed the credit of VAT charged by the perso .....

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..... n from whom house keeping items purchases. Are they eligible or not for claiming VAT Credit as per Tamil nadu Vat Act? If anyone has any information kindly share. Regards Pradeep Reply By YAGAY AN .....

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..... D SUN: The Reply: Under DVAT Act, these items are not allowable for availing ITC. Reply By SUROJIT SARDAR: The Reply: To avail cenvat credit one have to satisfy the following conditions,- 1. both .....

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..... parties must have registered no. 2. both party must be within state. 3. product should be taxable. 4. transaction should be made against valid tax invoice. 5. material should be direct use in busi .....

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..... ness.
Discussion Forum - Knowledge Sharing .....

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