Set off of Vat on construction of factory shade
This query is : Resolved
03 September 2009
Hello,
One of my client ( Manufacturing Unit in MAHARASHTRA) constructed Factory Shade which is for business purpose,he paid input Vat at the time of construction,can we take full set off of vat paid?
Please tell me the procedure for same.
One of my client ( Manufacturing Unit in MAHARASHTRA) constructed Factory Shade which is for business purpose,he paid input Vat at the time of construction,can we take full set off of vat paid?
Please tell me the procedure for same.
03 September 2009
Yes, You can take as there is no restriction on takign credit of VAT paid barring you are not claiming VAT otherwise as dedcution
03 September 2009
Shall I take full set off or reduce the set off by 2% ?
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