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VAT SET-OFF

This query is : Resolved 
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(Querist)
12 November 2008 Any one can impart idea, About Vat set-off
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
12 November 2008 VAT set off is nothing but taking credit of VAT you have paid on purchse of goods and utilising that credit for settling the VAT liability on sale of goods by you.
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