MVAT Paid on cash basis or accrual
This query is : Resolved
28 August 2008
MVAT should be paid on the basis of sales i.e. accrual or it should be paid when money is received i.e cash basis
Plz suggest
Plz suggest
15 September 2008
Normally VAT libility arises as soon as sale is executed. However in some state like Tripura, VAT on WC become due only after receiving the payment.
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