i working chemical manufactoring company ,i purchase of raw
materials for finished good that year was no sales that
input is applicable or not , that input carry forward to
next financial year it is possible or not

Answers were Sorted based on User's Feedback



i working chemical manufactoring company ,i purchase of raw materials for finished good that year ..

Answer / satendra rawat

yes you can adjust the input tax with output, means if
output tax payable 20000.00 and your input tax is 10000.00
so u will pay 10000.00 (input minus output) u can also
carry forwad it.

Is This Answer Correct ?    6 Yes 3 No

i working chemical manufactoring company ,i purchase of raw materials for finished good that year ..

Answer / rohit

no it is not passibal

Is This Answer Correct ?    2 Yes 2 No

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