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WE ARE THE DEALER WE PURCHASE MATERIAL WITH VAT & USE THE
SAME FOR LABOUR CHARGES + FINISHED GOODS BUSINESS &
BUSINESS SHARE OF THE SAME IS 85:15, CLEAR ME CAN I TAKE
FULL ADVANTAGE OF VAT CREDIT AGAINST MY VAT LIABILITY

Question Posted / sharad nisal

Answers were Sorted based on User's Feedback



WE ARE THE DEALER WE PURCHASE MATERIAL WITH VAT & USE THE SAME FOR LABOUR CHARGES + FINISHED G..

Answer / sharad nisal

i am not agree with the answer posted by mr amar nayak,
please provide me any provision / section which is clearing
the fact, as if i purchase material with vat of rs 100000 &
used a part of 15% from that for finished product then how
can i get the credit of 100% vat against my vat liability
say as purchase 100000 vat comes 12500 (@ 12.5%) & i sold
material value of rs 50000 on that vat liability is rs 6125
(@ 12.5%) can i adjust full amt of liability against the vat
paid on purchases?

Is This Answer Correct ?    2 Yes 0 No

WE ARE THE DEALER WE PURCHASE MATERIAL WITH VAT & USE THE SAME FOR LABOUR CHARGES + FINISHED G..

Answer / ashwani

i am agree with Sharad Nishal

Is This Answer Correct ?    0 Yes 0 No

WE ARE THE DEALER WE PURCHASE MATERIAL WITH VAT & USE THE SAME FOR LABOUR CHARGES + FINISHED G..

Answer / amar nayak

yes

Is This Answer Correct ?    0 Yes 2 No

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