If i am collecting VAT on liquor then whether i can claim set off of VAT paid on stationary,computer items,electrical items,hardware items ?????????????????????????/
1 Replies
Savan Somani
(Corporate Manager)
(478 Points)
Replied 22 July 2011
Dear Setoff depends on the nature of your business (main center).
If like its your Hotel Industry, then the setoff is allowed for the main kitchen items only and rest are considered as RD Purchase on which setoff are not allowed.
Regards,
Savan Somani
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