Dear Sir, if a dealer in a composition scheme charges full 12.5% of vat and not mentioned in a bill that he is in composition scheme and we have claimed the said vat as set off. than after department letter comes that because the dealer is in composition u cannot claim setoff and u have to pay the vat. what can be done in this case.?
Menu
Vat
Replies (1)
Yeaa,you have to pay and you cannot claim it as setoff....Before purchasing you have to know clearly about the dealer from whom you are purchasing.....Purchases made from Small Composition dealer does not allow to claim as setoff....
But lets see what the experts advice here.........
Recent Topics :
- Can we get registered for MCA if we get a Virtual
- DONATION PAYMENT REG
- GST IDS Refund – Statement 01A: Invoice Not
- TDS deposit code & TDS return
- AIS VS GST Mismatch- FY 2025-26
- Gross total income
- Export Compliance
- Sale of plots in open land
- Income tax query
- Best CA Inter coaching in laxmi nagar
Related Topics :
CAclubindia
