Ineligible input vat
Querist : Anonymous
What do you mean by "Ineligible Input VAT" in Karnataka VAT. How it will be calculated in VAT Returns
Exempted turnover is the stock transfer value.
Taxable turnover is (VAT Taxable turnover, CST taxable turnover & Export sales including deemed exports)
Total turnover will be total of exempted turnover and taxable turnover.
Regards,
Bala Kishan
Querist : Anonymous
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