input tax credit under kvat

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..... input tax credit under kvat
Query (Issue) Started By: - ajay kumar Dated:- 24-4-2015 Last Reply Date:- 4-5-2015 VAT + CST
Got 2 Replies
VAT / Sales Tax
We are pharmaceutical distributors .....

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..... regirstered under Karnataka vat. we are purchasing goods from registered dealers, For example invoice will be made on 30 apr and the goods are dispatched on 1 may and we will be recieveing materials .....

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..... on 1st week of may, please suggest in which month we have to take account, in the month of April or may. Reply By YAGAY AND SUN: The Reply: Dear Ajay, You can book such purchases in the Month of M .....

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..... ay as you are receiving goods in the month of May itself. However, it is pertinent to mention here that in VAT laws goods should be moved within one hour from the issue of invoice, otherwise departmen .....

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..... t may raise queries. Regards YAGAY and SUN (Management, Business and Indirect Tax Consultants) Reply By rishi mohan: The Reply: We may book the purchase in the month of April only and input can b .....

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..... e claimed in the same month.
Discussion Forum - Knowledge Sharing .....

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