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Vat set-off

This query is : Resolved 
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(Querist)
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?
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Deepti Asawa

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

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

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