Easy Office
LCI Learning

VAT Input Credit


10 December 2009 Is VAT Input Credit on Capital Asset purchased available for set-off with VAT payable on sales...

11 December 2009 You have to reduce the Cost of Capital Asset purchased to the tune of VAT SET-OFF

11 December 2009 I did not get your point...Lets say the cost of the asset is 1,00,000 & the VAT on the same is say 12500, the cost of the asset wil be shown as 1,00,000 in the books & can the VAT input of 12500 be set-off against the VAT payable on Sales..?


23 December 2009 Someone pls clarify



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query