I wanted to know how can I carry forward indirect taxes and in case when I carry forward indirect taxes (Excise Duty, Vat, Service Tax etc) how will the government collect the same. I am attaching a sample bill for better understanding.
Mr Abhishek,
There is no provision for carrying forward any tax under any VAT law. Whenever you make a sale you have to collect VAT on the invoice(whether credit or cash) and pay it to the govt at the end of a month....MJK
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