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Required meaning of purchase on margin & vat on margin

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(Querist)
15 April 2015 what is the purchase on margin & vat on margin please give me details
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CA Subham Verma

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CA Subham Verma (Expert)
15 April 2015 Sir your question is not clear.
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kalpesh bafana

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kalpesh bafana (Expert)
16 April 2015 A company whose final major finish products is tax free then then 2% VAT kept as an margin on gross input VAT and the same to be deduct/deposit to Sales Tax.




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