07 September 2016
Can we take credit of VAT paid on purchase of materials other than what our business deals in? For e.g, If my company is the seller of Garments & Cloth than we can take credit of VAT paid for purchase of Garments. But if I have vat on expenses like stationary items' purchase then can I take input credit of VAT. I request CAclubindia to reply to this query.
CAclubindia
