Sale of scrap taxable
This query is : Resolved
23 January 2013
yes. scrap sale is also taxable under VAT
23 January 2013
so while calculating my cash inflows do I count as an inflow if i have saved on sale of scrap ??
23 January 2013
while considering your cash inflow on scarp, you need to consider the VAT portion also as cash outflow
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