Set-off of VAT on Motor Vehicle under MVAT Act
This query is : Open
07 January 2011
Respected Sir/Madam,
I want to know whether set-off of VAT on Motor Vehicle capitalised in the books can be claimed or not?
Please guide me.
Regards.
I want to know whether set-off of VAT on Motor Vehicle capitalised in the books can be claimed or not?
Please guide me.
Regards.
09 January 2011
Vat capitalized in the books cannot be set off.
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