Vat retention on set off
This query is : Resolved
05 August 2014
Dear Sir/ Mam,
On purchase of SOFTWARE, whether VAT credit @ 3% can be claimed or the entire amount of VAT is to be capitalized.
On purchase of SOFTWARE, whether VAT credit @ 3% can be claimed or the entire amount of VAT is to be capitalized.
05 August 2014
Input vat on capital goods used for the manufacturing/production of taxable goods is allowed to be adjusted on output VAT. But quantum/percentage will depend on individual state. So kindly check respective stat vat law
05 August 2014
Input vat on capital goods used for the manufacturing/production of taxable goods is allowed to be adjusted on output VAT. But quantum/percentage will depend on individual state. So kindly check respective stat vat law
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