Setoff
This query is : Resolved
11 April 2011
can vat paid on purchase of CPU and RAM for office use can be claimed as sett -off???
please let me know in detail as soon as possible.
please let me know in detail as soon as possible.
11 April 2011
Yes you can claim set off provided you have output VAT to claim the above set off. Otherwise you have to capitalise the same.
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