Please Help: MVAT
Posted Date : 21-Feb-2014 , 05:55:04 pm | Posted By CA KIRAN LONDHE
Can Dealer paying mvat under composition scheme @8% avail set off mvat paid by him on input @8% ?
Category : VAT | Answers : 0 | Comments : 2 | Hits : 232
Answers
Comments
Adil Malik
27-Feb-2014 , 12:30:22 pmYes. 64% vat credit is available of the Total Input
Aditya
27-Feb-2014 , 02:02:37 pmYes... but in respect of corresponding purchases there is reduction to some extent as mentioned in Rule 53.