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Vat set off on Plant & Machinery.

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(Querist)
04 November 2008 an assessee having sale less than 50% of gross receipt. can he claim vat input set off on purchase of plant & machinery?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
04 November 2008 Pl explain what you meant by sale < 50% of gross receipt. Then I will try to reply.
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charudatta

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charudatta (Querist)
05 November 2008 sale < 50% means, assessee having labour charges receipt 85% & sale of goods 15%.
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