Posted On 18 April 2011 at 13:04
My client is making export sales in small qty and labour bill(with 30% value taken for 4% TNVAT)in huge amount
input vat credit from purchase and processing charges mostly from labour charges
My question is
can I adjust input tax credit relating to exports to input tax credit of other purchase relating to labour bills
withour claiming Form 'W'
pl. answer me