5% VAT in contractor bill set-off
This query is : Resolved
17 August 2007
We have given contract for site development, plot level, compound wall etc. A single running bill is raised on our company with service tax @12.36% & VAT @5% charged. So can we get set-off of VAT @5% against CST monthly returns?
18 August 2007
Credit of Vat paid is allowed to be set off against the CST payable by the company during the year.
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