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shriram mehendale (Service)     01 July 2009

Set Off under Maharashtra VAT

can a company claim set Off  VAT charged  by the  canteen contractor in the canteen bill?



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 1 Replies

rajendra banwat (tax consultant)     02 July 2009

1. Yes Definately

2. Refer Rule 52 of MVAT Rule. As per the said rule " the goods the purchases of which are debited to Profit & Loss Account or trading account.

3. Payment to Canteen contractor  do invlove Goods " food and beverage" so its covered under above.

4. Setoff is naturally avaliable subject to conditions of Rule 55 and section 48 of MVAT ACt 2002

Thats all for the pen at present

RBBanwat


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