Tuesday, November 15, 2011

How and when input tax credit has to be claimed? ( AP VAT, Delhi VAT, Gujarat VAT, Haryana VAT, Karnataka VAT, KVAT, Maharashtra VAT, TNVAT, Value Added Tax (VAT), West Bengal VAT, Sales Tax )

Q.2. How and when input tax credit has to be claimed?

The input tax credit has to be claimed in the tax period in which a dealer records tax invoice and can be adjusted against tax liability of the dealer on all the sales effected during the said tax period.

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