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Vat paid for earlier period

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(Querist)
11 February 2014 IF ONE PAYS MVAT FOR PREIVIOUS YEAR (DEMAND RAISED AND INTEREST) IN CURRENT ACCOUNTING YEAR CAN IT BE TAKEN AS EXPENSES IN CURRENT YEAR...
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Vishnu Saboo

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Vishnu Saboo (Expert)
18 February 2014 Yes, this is expenses only if this is not recoverable from customers.

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