Vat set off

chirag tanna (Article Clerk) (96 Points)

15 December 2008  

We have an audit of a Pharma Company which deals in Bulk Drugs manufacturing.

I have a Query relating Vat setoff on chemicals used in Laboratory for testing Raw-Materials before issue to Plant and Production.Can we avail VAT setoff on such chemicals Exp? (My Question is in context with GVAT).