I am doing MVAT audit of a grocery shop(Kiranamal). They do not issue invoices to customers.They have record of sales effected by them on a lumpsum basis. So how to compute the VAT collection on such sale under MVAT Act?
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Mvat computation
Replies (5)
Hope so u may have Purchase invoice.
on basis of purchase distribute sales for vat classification.
Thanks Mitesh for your reply But i think there is a specific rules for retailers in M Vat act.
Do you know the same. I am not able to find it
Even i am unable to find it but read it somewhere to calculate like this.
ok thank you
Hi,
Please share the excel sheet forr calculation of MVAT Input and Computation shatement. I am working in a Construction compny (Pvt. Ltd.).
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