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In form 704. Schedule E ,point 5) Computation of sett off claimed for period under audit- Which amount is to be filled, I mean whether gross figure and VAT Reduction figure of 3% is to be entered or Net figure and VAT Reduction figure of 3%
Eg: Gross : 25000 VAT 5% :1250 Reduction 3%: 750 Setoff Claimed :500(1250-750)
In annexure E Which figure should be entered at point 5 (c)
i)purchase value............... Tax Amount..........
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