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What is meaning of

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Querist : Anonymous (Querist)
13 September 2016 what is meaning of one to one correlation in vat input/ service tax input and vat output and service tax output,please reply with example if possible.
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Amol S Joglekar

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Amol S Joglekar (Expert)
13 September 2016 In hotel industry....VAT paid on the raw material food items purchases is having one to one correlation with the VAT collected on food items sold.
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