145 a of income tax act -urgent

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Plaese find attachment and plaese solve my question


Attached File : 186079 1115766 145a.xlsx downloaded: 129 times
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VAT payable in the second b/s should be 4000 not 2000 because VAT can be utilised only to the extent of consumption. So you have consumed only 8000 input and VAT on sales was 12000, so VAT payable comes out to 4000 not 2000

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