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Purchase @5% - sales @14.5% (VAT)

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This query is : Resolved


( Author )
26 May 2012

 Sir

We have purchased an item from its manufacturer, he charged tax @5%. When we resale the same item the product is under 14.5% vat . what tax we have to charges & how. [roller brush used for painting]

regards
sathish


B R Ramesh

( Expert )
26 May 2012

 HI

tell me first what you had purchased

whatyou have sold (product name)



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