Input Tax Credit

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....nput Tax Credit<br> Query (Issue) Started By: - RAMASWAMY KRISHNA IYER Dated:- 7-3-2015 Last Reply Date:- 7-3-2015 VAT + CST<br>Got 1 Reply<br>VAT / Sales Tax<br>Under the state VAT Act, for availing....

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.... input tax credit (ITC), the sale should be from one registered dealer to another registered dealer. By virtue of specific explanation in the definition of dealer a financing company selling pledged ....

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....ornaments is a deemed to be a dealer, hence such a sale is taxable. In the past RBI permitted self purchase of such pledged ornaments by the financing company themselves. Even this is accepted in th....

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....e decision of Hon&#39;be Supreme Court in Karnataka Pawn Brokers Association. Subsequent to the purchase this gold is sold and tax is collected. In this background kindly advise whether Input tax c....

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....redit is available to such financing company. Reply By Pradeep Khatri: The Reply: Sale to self is no sale. Under VAT regime Input Tax credit would not be available. The Judgment you referred pertai....

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....ns to Sales Tax Regime.<br> Discussion Forum - Knowledge Sharing ....