Basis for calculating vat liability
This query is : Resolved
19 April 2015
In the case of a vehicle dealer kindly clarify if the monthly sales tax liability is to be calculated on the basis of invoice dates,physical delivery of vehicles or on the basis of full payment received before the due date of paying sales tax i,e 21st of the current month.
CA AnKiT BoHrA (AB)
(Expert)
20 April 2015
Its according to the bill date dear.....
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