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If the purchaser did not submit form "c" while purchase from
outside state, and he charged for 12.5 % vat, then can he
claim input credit for Rs. 12.5 % ?
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Answer Posted / h.r. sreepada bhagi
Input VAT credit is available only on Intra-state purchases
(Purchases by a registered dealer from another registered
dealer with in the same state). Inter-state transaction fall
under CST Act of the concerned state and hence Input tax
credit is not available.
| Is This Answer Correct ? | 6 Yes | 1 No |
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