Input Credit

This query is : Resolved 

26 October 2009 Dear Sir,
Whether Inpur credit can be taken on different VAT rate?
For Eg. Input VAT on 12.5% can be taken for output VAT 4%?

26 October 2009 yes, Total input vat setoff by total Output vat.and balance to deposit by bank.

26 October 2009 Agree with expert




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