Dear Sir,
For filling the VAT monthly Returns in karnataka, i purchased the items they charged VAT 14.5%, can be adjusted in local sales ( monthly) we usually charged 5.5%.
My question is can i set off 14.5 input tax to 5.5 output vat in for filling the monthly returns.
Please do the needful.
Yeah u can very well do it
Dear Varun / Poornima
Thanks for clarification.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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