Vat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 September 2011
Will there be any impact on VAT-Input or VAT-Output on Cash Discounts received or allowed... and can we classify Freight charges on purchases to purchase under stock items with other goods bought
CMA Ramesh Krishnan
(Expert)
26 September 2011
Cash discount will not affect your VAT input & output. based on the Local VAT act assessable value calculation the freight value inclusion and exclusion will be decided
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