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Mvat rule 53(6) (VAT)

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This query is : Open

Author : Anonymous

( Author )
04 August 2011

in MVAT rule 53(6), is set off is claimed during the year 1.4.2005 to 31.03.2006, during the year 8.9.06 there is an amendment, during the current year the assessing office is denied the set off and claiming the money along with penalty..what is the treatment, how we can get the set off, that is if the vat sales is 50% of the gross turnover during the year 05-06, and purchased materials sold within 6 months time.


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