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month purchase is very hi but sales is very low
Hello Friends
In This Month purchase is veery hi Bust sales is very low, How to Returns Monthly vat in andhra pradesh Please give Me Details
Thanking you
Replies (4)
If the purchase is very high and sales is very low then it doesnt matter you can file return as normally and you will get input tax credit as purchase is high.
if purchase is high and sale is low so no problem you can return normaly and you can claim for input tax credit for excess purchase vat (input vat) but in keeping mind you can not stored over stock according to market
at the end of the financial year.purchase is higher than sale.how we can make p & l . i am working in an jewellery export firm.i am new in this i just want to learn.can any one help me from where i can learn all these calculations of balance sheet current liabilities and current assets and all.
Thanks
waiting for positive replies
closing stock would get increased in P/L after adjusting the input utilized in sales.
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