Set off in case of invoice by exempted unit
This query is : Resolved
Amol Desai
(Querist)
26 November 2008
Sir,
We are producing Refined oil & purchased goods from exempted unit(PSI-1993).
Exempted unit raised invoice upon us, without charging VAT, in that case whether we can claim a VAT SET OFF.
If yes, what is the procedure.
We are producing Refined oil & purchased goods from exempted unit(PSI-1993).
Exempted unit raised invoice upon us, without charging VAT, in that case whether we can claim a VAT SET OFF.
If yes, what is the procedure.
G Muralidharan
(Expert)
26 November 2008
In as much as you havenot paid the VAT tax while buying goods from the exempted unit, there is no question of set off.
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