TaxTMI 
TaxTMI 
Input tax credit availability
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....nput tax credit availability<br> Query (Issue) Started By: - Sethuraman Kalyan Dated:- 30-12-2013 Last Reply Date:- 24-10-2015 VAT + CST<br>Got 3 Replies<br>VAT / Sales Tax<br>One of our clients , a ....
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....sole proprietor, having two TIN registrations is carrying on business as earth movers and contractors and also as pre mixed concrete manufacturer. He has purchased materials for building such as ceme....
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....nt,stones etc using the TIN of business-1(ie., erath moving and construction contracts) and transferred the material to business-2. Can the input credit in business-1 be availed in business-2. Both bu....
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....sinesses having two different TINs. Please clarify. Thanks in advance. Reply By Viswanathan Nemmara: The Reply: Two business with two different TINs are two different entities before the eyes of t....
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....he Sales Tax Department. They will not allow the ITC of one entity to be availed by another entity. What you can do is transfer the property in goods of business1 to that of Business 2 by raising a Ta....
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....x Invoice. This way Business 1 can claim their ITC and Business 2 theirs. Reply By Sethuraman Kalyan: The Reply: Thanks. Reply By Ganeshan Kalyani: The Reply: I would like to add to above reply t....
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....hat having more than one TIN in a state is against the provision. It is very clear that each state should have one TIN for one business. How can one company sell it to itself having another TIN. Reque....
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....st experts to cast their point of view in this regard.<br> Discussion Forum - Knowledge Sharing ....