VAT paid on purchase of goods
This query is : Resolved
24 November 2008
on payment of VAT and CST credit cannot be claimed as we are not into buying and selling of goods , so in such case can we claim as expenses during year ?????
24 November 2008
IF YOU ARE NOT BUYING & SELLING OF GOODS THEN WHOLE AMOUNT IS TO BE DEBITED TO P&L A/C AS EXPENCES INCLUDING VAT
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