Vat set-off

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Manohar (Querist)
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12 June 2014 If the sale is 1%(Product is of Hair-Pin mfg)
& the purchase is 12.5 % & 5 % will the set-off be available full or reduction .If reduction is there then in what Percentage?

Deepti Asawa

Deepti Asawa (Expert)
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12 June 2014 You can set-off full amount of vat input. No any reduction require in that case.

Manohar

Manohar (Querist)
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12 June 2014 THANK YOU DEEPTI !!!!!!!!!!!!!!!!
This is an excellent site All you are doing a great job

Deepti Asawa

Deepti Asawa (Expert)
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12 June 2014 Most welcome manohar jii

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