Clarify on wct

Somesh Aradhyula (23 Points)

27 November 2015  

The Honorable Members Of the Forum,

Respected Gentlemen,

I request the members to please clarify my doubt which goes like this:

Our company has given contract to binders for binding and finishing of diaries, paper has been supplied by our company, the party has raised a bil(not tax invoice)l with wct 5% on our company, ours is a vat registered company, in such scenario, can we claim wct which was imposed by the contractor, and net-off to the the output tax.

Thanks In Advance.

Regards

 

Somesh