Hi
PL tell can we take Input tax credit of VAT on expenses. Suppose we purchase stationery for office use amounting Rs. 4000 on that VAT Amt is 200 . so can amt of 200 be adjusted agst the input tax agst purchase.
Thanks
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Itc of vat on expenses
Replies (1)
No, stationery purchase is not allowed for input tax credit.
regards,
rengaraj r.k
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