RETENTION ON F.A

RESPECTED SIR /MADAM

I  Would like to know can i take retention on kitchen equipment on which vat is charged 12.5%?

waiting for yr reply

Thanks & Regards

Aparna Sutar (STP)

 

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Can u pls explain ur query?

And what is "retention" in this context?

Dear Sir

my client has purchased kitchen equipment for their branch office in kandivali  for business use. & vat is charged 12.5%. now i have to claim set-off on that purchase. so i would like to know can i take retention @ 3% ?

thanks & regards

aparna

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