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

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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