Vat on old car

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ravichandra (Querist)
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30 July 2013 we sell a old car and paid vat on there. Here the question is ,shall we add this sale and vat in calculation of A*B/c formula under ap vat act

RENGARAJ R.K

RENGARAJ R.K (Expert)
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30 July 2013 You sold old car and paid vat. OK. when the vat is separately shown on the sale price why formula is required. you can very well show the basic price in the return and vat collected. pleae reply.

ravichandra

ravichandra (Querist)
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27 August 2013 to take input tax credit calculation the above amount , in a*b/c formula for total sales of particular mont, is it correct

pl advise

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