VAT Set-off
This query is : Resolved
11 August 2010
Dear Sir,
We have made the renovation work to our premises and assigned the contract to one company. The company has produced the bills for payment. He has issued
Material bills- Gross Amt + Vat 12.5%.
Can we claim this vat as a Set-off for the VAT payment.
Please express your opionion.
We have made the renovation work to our premises and assigned the contract to one company. The company has produced the bills for payment. He has issued
Material bills- Gross Amt + Vat 12.5%.
Can we claim this vat as a Set-off for the VAT payment.
Please express your opionion.
11 August 2010
if company situated in ur state then u can vat itc otherwise it is ur cost.
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