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TNVAT ACT 2006- SECTION 41

VAT and Sales Tax - Started By: - BADRINATH VINAYAKARAO - Dated:- 27-11-2015 Last Replied Date:- 28-11-2015 - Under Tamilnadu VAT, sec41- emphasis on forfeiture of tax collected. Here the threshold limit for taxation is 10 lakhs, If the dealer had le .....

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NG THE ELIGIBLE INPUT TAX CREDIT CLAIM, IF ANY, ON THE CORRESPONDING PURCHASES. My query is if this is adopted as such, every dealer need to have pay tax every month, since the word eligible input tax on the corresponding purchases means Tax on sale .....

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