Can Inpur VAT @ 4% be set off against output VAT @ 12% and vice versa.
Pradeep Jain (service) (143 Points)
19 June 2009Can Inpur VAT @ 4% be set off against output VAT @ 12% and vice versa.
Ram Avtar Singh
(Nagari Sultanpur U.P.Delhi)
(14497 Points)
Replied 19 June 2009
Input vat at any rate can be adjust with output vat at any rate.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961