Treatment of VAT Tax paid

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Querist : Anonymous (Querist)
14 December 2010 What is the tratement of VAt Tax payable/paid on sales?Whether the VAT tax paid be treated as Expenditure??

14 December 2010 how it can be treated as your expenditure? you have already recovered it from customer

14 December 2010 If Paid Vat Means it will Shown in Assets Side Upto Using Of input Credit

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