CA Gaurav Ajit Potdar
(Chartered Accountant)
(846 Points)
Replied 23 December 2012
Hi Kesha Vat is not levied on courier Expenses.,it is service tax which is levied on courier services.you can take setoff of vat on all purchases which you use in business i.e manufacturing or trading, you can also avail setoff on purchase of Fixed assets used in Business subject to retention of sepecified percentage.
kesha
(...)
(218 Points)
Replied 23 December 2012
Thanks sir.
But i m quite sure that in some cases Vat is levied on courier charges as i had seen in one of my audits they had charged VAt on it & settoff was not claimed hence i Raised this Query ..
CAclubindia
