125 excise-vat

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Querist : Anonymous (Querist)
06 June 2014 CAN I SET OFF EXCISE DUTY (PAYABLE) AGAINST VAT (RECEIVED FROM CUSTOMER )

08 June 2014 NO, YOU CAN NOT SET OFF CENTRAL EXCISE DUTY AGAINST VAT (VALUE ADDED TAX), BECAUSE BOTH LEVIES ARE DIFFERENT.
THANKS.
R.K.GARG



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