Input MVAT adjustment with 1% MVAT on sale of property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 July 2010
Please do answer the following query :-
Whether MVAT paid for construction materials like cement, steel etc. can be adjusted with the 1% MVAT on sale of property ?
Whether MVAT paid for construction materials like cement, steel etc. can be adjusted with the 1% MVAT on sale of property ?
Aditya Maheshwari
(Expert)
23 July 2010
No. 1% is to be levied under composition scheme and hence no credit for any thing can be taken.
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