Vat paid by builder
CA Satish M. Patwardhan (CA Practice ) (30 Points)
18 February 2014
Is VAT paid by builder without collecting from customer a allowable expenditure ?
CA Satish M. Patwardhan (CA Practice ) (30 Points)
18 February 2014
CA. Kuldeep Singhi
(Entrepreneur)
(424 Points)
Replied 18 February 2014
Yes it is an allowable expenditure since it is an indirect tax had it been direct taxes i.e.TDS then it would have been disallowed
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