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Vat credit on hotel bills

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 October 2011 If Company arrange party for business pramotion & Hotels bills are basic value 70000+ vat Rs 8750 total 78750.00, in this case vat rs 8750.00 can i taken vat set off please explain me
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B R Ramesh

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B R Ramesh (Expert)
16 October 2011 Hi

NO, you cant avail the INPUT

since it is expenditure to the company.

the INPUT can avail only on trading & manfacturing of goods

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