can i take input tax credit on inter state purchase? reply
breifly.
- 9 Answers
- 32091 Views
- IOCL, I also Faced
- E-Mail Answers
Answer Posted / shalu jain
NO,WE CAN NOT TAKE INPUT CREDIT OF INTERSTATE
PURCHASE,BECAUSE IN INTERSTATE PURCHASE THE SALER STATE IS
DIFFRENT FORM BUYER STATE,AND BUYER STATE DOES NOT GIVE
INPUT CREDIT THEY ALLOW ONLY LOWER RATE AGAINST C-FORM
| Is This Answer Correct ? | 40 Yes | 6 No |
Post New Answer View All Answers
if i have a comany take contract from gvt. & i take contract from that company, & in his bill he show about all tax deduction ike IT, WCT etc, but material is purchase by that company not by us so here i want to know how WCT applicable? on total amount of contract or according to rule like material service & after adding all things??
we charge service tax in our Invoice.we pay it in time. At the end of the year other party gives his deduction as certificate. what to do with it ? how to submit again to tax authorities?
How can a taxpayer get a refund for an overpayment of taxes?
why is service tax set off is consider while calculating wct tds
what are the benifits available to become and EOU in all taxes, such as Income Tax, Sales Tax, Excise, Custom
What qualification require for become a tax consultant ? what the future in this..???
how to calculated all taxes their information in details
I run a small consultancy firm (partnership with my mother) from my residence address. My firm is not registered, but I do have a separate PAN for it. I do not have any salaried employees. I get work done by freelancers and vendors and pay them against invoice. My annual revenues are just about Rs 5-6 lakhs. I am aware that I would need to register for service tax once I touch Rs 9 lakhs. But I am confused about my obligation to get a TAN and deduct TDS for all vendor/freelancer payments. Are there any minimum thresholds for withholding TDS? Right now I pay 100% of invoice amounts. Please advise.
What is Vat and how it is adjustable with input vat and what return form required for DVAT?
What is FBT? Is there any fixed rate of tax for all? or slab rate? pls give the detailed answer with examples. My e- mail ID: vijji_tv@yahoo.com
Is Service Tax chargable by Real Estate devlopers to be charged on the entire cost of the property or only on the service conent of the cost and not on the cost of land and cost of construction material? Can the developers demand Service Tax on installments paid by the buyers before the real sale takes place?
what is the objective of business taxation in private company?
if a buyer paid full cst 14.5% for a redistrable assect then whatis the registration process?
in case of vehicle hired for staff pick up & drop for 1 month or 1 year, TDS is applicable ? if yes then which code is mention in challan & which rate is applicable ? in case of vehicle orner is personal or company which rate applicatble ?
in gujarat. whether Vat is applicable if H form issue ?
