Interested to Buy Any Domain ? << Click Here >> for more details...
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.
- 2 Answers
- 11157 Views
- I also Faced
- E-Mail Answers
Answer Posted / sajjad rehman
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 |
Post New Answer View All Answers
which form no's wiil be used for filing IT,ADVANCE TAX, TDS,VAT,CST,ST,PT,EXICE DUTY,ESI,PF?What is the Due Dates? very urgent
What items fall under the category of ‘securities’?
please provide to us the rules of wct in andhra pradesh (Hyderabad)
How much is the tax & surcharge % against d-1 form. on cement,steel,electrical item,RMC,
WHAT IS THE DIFFERED ASSET , WHAT IS THE PROVISION OF IT GIVT ME THE EXAMPLE WITH ENTERY ON MY E.MAIL sonidilip87@yahoo.com
1. Defination of Contractor & sub contractor 2. In cash method of accounting can we claim TDS deducted on Advance Recevied from contractee.
what is the objective of business taxation in private company?
Why TDS is not deducted on JSTF Contribution of Hinjewadi Industries Association?
I want to know how to calculate VAT / WCT Liability under composition scheme and regular scheme at Karnataka
what is service tax? how its count? and why its count?
Can we get excise and VAT credit form staff welfare goods like shoes, uniform, goggles etc.?
how to generate H-form and procedure for generate?
In the Balance sheet of a company you see the following details, Liabilities: Provision for tax - AY 2008-09 RS 200000 AY 2009-10 RS 300000 AY 2010-11 RS 200000 Assets: Advance Tax- AY 2008-09 RS 150000 AY 2009-10 RS 300000 AY 2010-11 RS 200000 On 15-03-2011, the assessment order for AY2008-09 was received and the final tax liability was stated to be RS 250000. Pass the journal entry for the closing of the relevant accounts in the books for the AY 2008-09.
wht do you mean by copmosition of tax
how to creat e-vat return in tally
