Give reason in brief, in the context of provisions of VAT, whether following purchases are eligible for availing input tax credit: Rohit purchased goods from a registered dealer. He claims to have paid VAT, on the said g
CS Professional · Advanced Tax Laws and Practice · PYQS · December 2016
Give reason in brief, in the context of provisions of VAT, whether following purchases are eligible for availing input tax credit: Rohit purchased goods from a registered dealer. He claims to have paid VAT, on the said goods but the invoice pertaining to said purchase has been lost because of negligence in his office.
Answer & Explanation:
Input tax credit cannot be claimed on purchase made by Rohit as the purchase invoice is not available with him.
Topics: Indirect Tax
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