vat
This query is : Resolved
18 May 2011
vat paid on hotel bills ( official visit) can a real estate co. take credit.
18 May 2011
hotel bills are not input for out put vat, input credit not available
even such expenses are disallowed in incometax, if found excess in ratio to business
even such expenses are disallowed in incometax, if found excess in ratio to business
19 May 2011
Vat input credit is not applicable for hotel bills in real estate . only construction related bills are applicable for VAT input credit.
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