sales tax
This query is : Resolved
24 January 2009
whether vat input can be booked on all local purchase under vat i.e whether vat input can be booked on small purchases which is being claimed as revenue expenditure.
C A GROUP COACHING
(Expert)
24 January 2009
YES YOU CAN CLAIM INPUT VAT CREDIT ENEV ON REVENUE EXP. ITEMS BUT WHEN YOU DEBIT THE AMT TO EXPENSES IT SHOULD BE NET OF VAT ONLY
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