31 December 2009
I was charged 12.5 % VAT (Tax) on the purchase of pantry material (i.e. Tea Powder, disposable cups etc) whether VAT credit is available to me ?
31 December 2009
Dear The Vat Set off can be availed only if you Purchased for Business purpose, if pentries are purchased say for Employee, staff etc. then Vat Credit can be claimed against your Vat payable.
CAclubindia
