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Bas debts then VAT will be reversal proportionately

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 January 2010 In case Bas debts accounted in relation to last accounting year then can we reversal the proportionatelyof MVAT amountin the current year.
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
23 January 2010 No reversal of vat. vat paid to govt at the time of sale. now debtor not giving amount all amount to be bad debt.
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