Set off

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 April 2012 dear expert

is M-Vat sett of available on cash purchase of taxable goods through tax invoice.(suppliers gives us tax invoice of cash purchase)

Pls Reply
thanks

01 May 2012 Yes set off is available on cash purchase as well as Credit Purchase

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 May 2012 i think in MVAT sett off is given after cross varification.in cash purchase cross varification is not possible.so vat set off is not available.
pls guide

01 May 2012 in that case tell supplier to put your TIN no. in Bill and Annexure J1 .

But Setoff is available in CAsh Purchases


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