Vat on Machinery
This query is : Resolved
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.
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.
02 June 2010
No there is no chance to set off liability in this way.
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