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I want to know that can we get input vat credit against tax
invoice/retail invoice/& commercial invoices. Our auditor is
saying that only tax invoice is libel for vat input credit.
But many parties issue us retail invoice & commercial invoice.
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Answer / n.chandra shekar
we take any vat paid invoice(with in the state),can take
input credit.
| Is This Answer Correct ? | 8 Yes | 1 No |
Dear we just take input vat credit only against Invoices in which vat is paid.
the parties who issued you retail invoices, Commercial Invoices if they are not registered then u cannot claim
for vat u just take this invoices gross value as unreg taxpayer in purcase annex
Thanks
| Is This Answer Correct ? | 2 Yes | 0 No |
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