Setoff in case of sale of scrap
This query is : Resolved
19 February 2013
Dear All,
If a dealer is a job worker and while constructing the building there arises scrap and the sale of which attracts vat. My query is whether on sale of scrap the setoff in respect of goods is admissible or not.
If a dealer is a job worker and while constructing the building there arises scrap and the sale of which attracts vat. My query is whether on sale of scrap the setoff in respect of goods is admissible or not.
20 February 2013
Since on sale of scrap tax is levied and paid, you can avail set off of the same
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