Vat credit

This query is : Resolved 

09 May 2012 The party has shortly charged in orignal bill , after he issues debit note describing particular of vat , excise etc.
Is Vat credit available on the basis of Debit note ?

10 May 2012 Yes you can take setoff on Debit note as its extension of Orginal Transaction, Provided Debit note should have all the Particulars of Original Tranaction TIN TAX Separately

10 May 2012 Agree with expert




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