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Vat on Machinery

This query is : Resolved 
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(Querist)
02 June 2010 One of our client is in the business of Printing industry in maharashtra.
he has not paid any VAT liability from 1.4.06. to till date.
Till today his approx liability is Rs. 5 lacs.
Suppose he purchase new machinery today on which he has to pay VAT of Rs. 5 lacs.
There are any chances to set off for this liablity.
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CA CHINTAN AJMERA

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CA CHINTAN AJMERA (Expert)
02 June 2010 No there is no chance to set off liability in this way.
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Amit

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Amit (Expert)
02 June 2010 Agree with Expert
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