VAT
This query is : Resolved
02 June 2011
Is cash discount deducted before arriving at assessable value or is VAt charged on gross amount?
Do we need to show surchage on VAT seperately or can it be clubbed?? (Questions are specifically about Punjab VAT, but I think it should be same for all states)
Do we need to show surchage on VAT seperately or can it be clubbed?? (Questions are specifically about Punjab VAT, but I think it should be same for all states)
02 June 2011
u should deduct discount on invoice before AV i.e. 110 (GV) - 10 (Disc.) = 100 (AV) + VAT (12.50) plus surcharge separately
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