Wednesday, June 22, 2011
Home Value Added Tax (VAT) Are all dealers eligible to claim input tax credit?

Are all dealers eligible to claim input tax credit?

All VAT registered dealers can claim Input Tax Credit on the eligible purchases. However, those opting for compounding scheme, where-by all dealers whose GTO is upto 25 lakhs can pay 1% tax on their GTO and are not eligible to claim input tax credit.

Regards
G.Srinivas
Posted by at 1:08 AM
Labels:

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)
Copyright © 2015 accounting tally taxation tutorials All Right Reserved
Thewebin
Subscribe by Email Get Free Updates
Don't Forget To Join US Our Community
×
blogger