No, VAT Paid on Stationery and Purchase of Printer
Catridge expenses cannot be adjusted with Output VAT
because it is not at all involved in your construction
business so it is treated as indirec expenses.
Here there is no eligibility to take vat input because of the
purchase of the item not involved in construction work so
so stationary and printer cartridge expenses not directly
involved in construction work
if i baught an house @
1500000 by cash or by
cheque for self use
then how much tax i
liable to pay? if my
annual income is not
taxable, and the buying
power came from earliar
plz clearify all asked
in one private co.
Our one local supplier who engaged in supplying stationery
& housekeeping materials he charge Vat @4% on bills or some
bills they charge Vat @5% or sometime 12.5%
How it decide ..?? n how can we cross check ??