https://www.taxtmi.com/forum/issue?id=5499 A registered dealer under the TN VAT Act with annual turnover below the exemption threshold seeks guidance on reporting local sales in the monthly return, entitlement to input tax credit for purchases on which VAT was paid, whether such input credit can be carried forward, and the proper accounting treatment for local purchases made without VAT including whether they may be entered on both input and output sides to neutralise tax effect. en-us Sat, 30 Mar 2013 07:11:39 +0530 Thu, 23 Jan 2025 15:57:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=5499 A registered dealer under the TN VAT Act with annual turnover below the exemption threshold seeks guidance on reporting local sales in the monthly return, entitlement to input tax credit for purchases on which VAT was paid, whether such input credit can be carried forward, and the proper accounting treatment for local purchases made without VAT including whether they may be entered on both input and output sides to neutralise tax effect. Discussion-Forum VAT / Sales Tax Sat, 30 Mar 2013 07:11:39 +0530 https://www.taxtmi.com/forum/issue?id=5499