Dear All,
1) Under reduction rule 53 of maharashtra vat what is the % of reduction on fixed assets purchased & packing exp. (from FY12-13) ?
2) The Assets Purchased with VAT & non VAT whal will be the effect in gross total purchases.?
Thanks & Regards,
vinayak
Reduction for set off will be 3% of purchase price for fixed assets and 2% of purchase price in case of packing materials...
Saini Pati Shah & Co LLP, Chartered Accountants
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