Required meaning of purchase on margin & vat on margin
This query is : Resolved
15 April 2015
what is the purchase on margin & vat on margin please give me details
15 April 2015
Sir your question is not clear.
16 April 2015
A company whose final major finish products is tax free then then 2% VAT kept as an margin on gross input VAT and the same to be deduct/deposit to Sales Tax.
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