10 March 2010
Sir we have purchase computer for our co. The invoice getting to us (e.g. Basic Price Rs. 10,000 + Vat 4% Rs. 400 ) = total (10,400).Sir can i claim the vat full amount (Rs. 400) for setoff ?. The computer is show to our balance sheet as a assets in Plant & Machinery Block Pls. suggest me how vat tax setoff available to company. Full Setoff or reducing setoff ? guide me. thank you
CAclubindia
