Input vat credit on testing sticker.
This query is : Resolved
25 May 2012
Is Input Vat credit will be available on Stickers used to show that the product is Tested ok.
25 May 2012
yes set off is available on expenses debited to P & L , Provides the commodity on which sticker is pasted should be taxable. Else proportionate setoff will be allowed
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26 May 2012
the commodity on which sticker is pasted is taxable commodity.
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