Adjustemen of vat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 February 2014
SIR
IF I PURCHASE RAW MATERIAL ON VAT 12.5 % , AND SAME FINISHED GOODS SALE ON VAT 5 %, HOW WE ADJUST THE DIFFERENCE OF VAT.
THANKS & RGDS
MUKESH KUMAR
IF I PURCHASE RAW MATERIAL ON VAT 12.5 % , AND SAME FINISHED GOODS SALE ON VAT 5 %, HOW WE ADJUST THE DIFFERENCE OF VAT.
THANKS & RGDS
MUKESH KUMAR
Vishnu Saboo
(Expert)
18 February 2014
un utilized VAT credit can be claimed as refund with proper procedure.
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