Vat credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 January 2013
Material purchased for 'Factory Shed'like assbasdors,hook,fiber glass etc.what is the Accounting treatment of it?and are we liable to take input VAT Credit?
11 January 2013
No,,,you are not liable to take a input vat on expense, just u can treat it as an factory expenses.....
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