Setoff Provision under MVAT
This query is : Resolved
28 November 2009
I would like to know the nature of expenses of which we can take setoff against our MVAT liabilities.
Can anyone mail me the concern provision in MVAT Act. at ankit@vinergy.in
Can anyone mail me the concern provision in MVAT Act. at ankit@vinergy.in
01 December 2009
Please refer to Rule 53 for reduction in set-off & Rule 54 non admisibility of Set-off as per Mahrashtra Vat Act.
Any expenses debited to Profit & Loss A/c. will liable for set-off except Repairs to Building & Repairs to Vechile.
Any expenses debited to Profit & Loss A/c. will liable for set-off except Repairs to Building & Repairs to Vechile.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Capital gain consideration
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
