input vat credit of vat paid on purchase of import license

[Asked by 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

Input VAT credit on VAT paid for import licences available only when licence is bought for further sale.
Input VAT credit for VAT paid on purchase of an import licence is contingent on the licence being acquired for further sales; if not purchased for onward sale, the input VAT credit may not be available.