The Honorable Members Of the Forum,
Respected Gentlemen,
I request the members to please clarify my doubt which goes like this:
Our company has given contract to binders for binding and finishing of diaries, paper has been supplied by our company, the party has raised a bil(not tax invoice)l with wct 5% on our company, ours is a vat registered company, in such scenario, can we claim wct which was imposed by the contractor, and net-off to the the output tax.
Thanks In Advance.
Regards
Somesh