Vat set off on Plant & Machinery.
This query is : Resolved
charudatta
(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?
04 November 2008
Pl explain what you meant by sale < 50% of gross receipt. Then I will try to reply.
charudatta
(Querist)
05 November 2008
sale < 50% means, assessee having labour charges receipt 85% & sale of goods 15%.
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