Friday, August 12, 2011

How is input tax credit claimed? (Tamilnadu Value Added Tax - TN VAT)

How is input tax credit claimed?
Input tax credit shall be claimed only on the basis of original purchase tax
invoice issued by registered selling dealer.
A registered dealer can claim input tax credit on his purchases, if he holds a
valid "Tax Invoice" / bill at the time of furnishing his return to assessing
authority.


Regards
G.Srinivas

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