Set off in case of invoice by exempted unit
This query is : Resolved
26 November 2008
Sir,
We are producing Refined oil & purchased goods from exempted unit(PSI-1993).
Exempted unit raised invoice upon us, without charging VAT, in that case whether we can claim a VAT SET OFF.
If yes, what is the procedure.
We are producing Refined oil & purchased goods from exempted unit(PSI-1993).
Exempted unit raised invoice upon us, without charging VAT, in that case whether we can claim a VAT SET OFF.
If yes, what is the procedure.
26 November 2008
In as much as you havenot paid the VAT tax while buying goods from the exempted unit, there is no question of set off.
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