We are into selling of Cement, to a large network of dealers in Maharashtra, We are Passing Credit Notes to the dealers at the end of the month like Price Difference & Quantity. If we pass the credit notes to dealers with VAT Credit, can we avail Set Off on this from the MVAT Payable.
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Vat on discounts whether allowed as set-off
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in karnataka u can add vat in credit note and setoff or can adjust in returns.
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