Refund of vat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 December 2014
we are engineering firm ,i am going to purchase old machinery in december .will i get vat refund in january returns
26 December 2014
Vat paid on machinery can set off against Vat payable in the month of purchase. If input vat is not availed in the month of purchase, then it can be availed in the following month.
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