Vat credit for cap assets
Querist : Anonymous
Querry:
Can a retailer opting composition scheme in maharashtra, claim capital assets purchased as a deduction from the turnover. Whether retention of 3% will apply.
Regards
Querist : Anonymous
Purchase of goods are allowed as a deduction from sales.
I would like to know from your reply as to which inputs are not allowed as a deduction from sales.
Regards
Input is Tax Credit, & Sale is Different Thing.
There is No Relation Between Them to DEduction
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