https://www.taxtmi.com/forum/issue?id=2212 When materials attract a lower VAT rate than the finished footwear, the manufacturer may avail full input VAT credit for tax paid on materials and must remit the remaining output VAT due on the finished shoes; any shortfall between input credit and output liability is payable by the manufacturer. en-us Fri, 10 Sep 2010 10:55:48 +0530 Thu, 23 Jan 2025 15:58:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2212 When materials attract a lower VAT rate than the finished footwear, the manufacturer may avail full input VAT credit for tax paid on materials and must remit the remaining output VAT due on the finished shoes; any shortfall between input credit and output liability is payable by the manufacturer. Discussion-Forum VAT / Sales Tax Fri, 10 Sep 2010 10:55:48 +0530 https://www.taxtmi.com/forum/issue?id=2212