Vat

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25 February 2014 can VAT paid be claimed as set off against EXCISE DUTY/SERVICE TAX collected.....if ys then I have a exmpl ti which I need ur ans..... X is a manufacturer of spare parts he sells goods to Y a wholesaler and collects ED...then these wholesaler sells goods to TATA MOTORS and collects VAT.....now my question can X claim setoff for ED paid n VAT received.. .awaiting for ur replies EXPERTS

25 February 2014 VAT paid CANNOT be claimed as set off against excise duty liability and vice-versa.



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