Hello friends, I want to know whether I can set-off the VAT which I got from purchasing the materials with the VAT I got from selling the Flats to customers? It's a query related to construction business. Please reply.
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Vat set-off query
Replies (2)
Since you are selling flats to the customers , you can claim set off for the materials purchased ,however, you will have maintain a regular books of accounts for claiming the set off ...
Ok....
| Originally posted by : Harshal | ||
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Since you are selling flats to the customers , you can claim set off for the materials purchased ,however, you will have maintain a regular books of accounts for claiming the set off ... Ok.... |
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Thank you for your reply..
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