Set off
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 January 2015
What is exactly meaning of set off ?
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Waiting for feedback.
28 January 2015
it means you have already paid tax on either purchase of goods or inputs or capital goods and you have also some output tax payable on sale of goods so wat you have paid that much amount you do not have to pay again and what amount u have to pay gets reduced by such amount.
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