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.
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.
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 | ||
 |
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.... |
 |
Thank you for your reply..
Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
View Details
R P S K & Associates
Nashik
CA Inter
View Details
CAclubindia
