input vat credit of vat paid on purchase of import license

[Guest]

trader is purchasing import license at discounted value charging vat on discounted value.

whether trader can claim input credit of vat paid under sales tax act.

AI Summary

Trader Queries Input VAT Credit Eligibility for Discounted Import License Purchase Under Sales Tax Act A trader purchasing an import license at a discounted value and paying VAT on that amount inquires whether they can claim input VAT credit under the sales tax act. The response indicates that input VAT credit can be claimed if the license is purchased for further sales. If not, claiming the credit may not be possible.