Give reason in brief, in the context of provisions of VAT, whether following purchases are eligible for availing input tax credit: Sahil purchased goods from Ganesh. Ganesh has not shown VAT charged on the purchase value
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: Sahil purchased goods from Ganesh. Ganesh has not shown VAT charged on the purchase value separately in the invoice.
Answer & Explanation:
Purchases made by Sahil are not eligible for input tax credit as the invoice issued by Ganesh does not show VAT charged on the purchase value separately in the Invoice.
Topics: Indirect Tax
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