A Vat upgraded business filed the Annxure-16 within the stipulated and claimed Rs.15000 as input tax credit in IRD in Kartik-2076. Tax officers said they will come to visit the premises and verify the stock. No any documents were given to us during this process. Should we adjust the same in Kartik’s Vat Returns or should we just wait till the tax officer visit the premises and handed us some documents certifying the stock of which we claimed the Credit? Can such input tax credit be claimed in subsequent months and not just in the month of Kartik?
It is better to wait for the tax officer to visit the premises. After the visit, if everything is okay with the tax officers, they will issue a letter for claiming the input tax credit of VAT on the goods purchases prior registration. For better understanding, you can visit the given link: