I have applied for Tin no. but I have purchased some taxable goods. & paid vat for that goods. my turnover is below 500000/- I have applied under volutarily scheme. shall we take setoff if the vat paid on purchases before the Registration made under vat. Such transactions made within maharashtra.
01 October 2008
But our advisors advised me that we can take set off of that goods after registration under vat.because we have paid vat to the government & we have rights to take set off of that goods. Sir Pls help me. give me exact advise. Your advise is very necessary for me
CAclubindia
