TaxTMI 
TaxTMI 
Input Tax credit
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....nput Tax credit<br> Query (Issue) Started By: - Jasbir Uppal Dated:- 29-9-2013 Last Reply Date:- 2-10-2013 VAT + CST<br>Got 1 Reply<br>VAT / Sales Tax<br>Input Tax credit on purchased Carpets purchas....
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....e from registered dealer against Tax Invoices as per provision of UPVAT act and latter on such goods exempted by the U.P government through notification dated 13.05.2008. In that case I.T.C. can be al....
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....low under sub section 7 of Section 13 of the act ? Reply By CA. Surender Gupta: The Reply: Section 13(7) of UP VAT as referred by you allows the credit of tax paid on Inputs as long as you are not ....
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....exempt in respect of sale of goods or manufactured goods are not exempt. Though, I have little knowledge about UP VAT, but the interpretation of section 13(7) reveals that credit would depend upon the....
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.... taxability on disposal of goods after purchase.<br> Discussion Forum - Knowledge Sharing ....