Dear All,
We have small Clinic along with Pharmacy.
This is regarding the Financial year 15-16. the TAX was VAT for sales and purchase of drugs. We have paid all the necessary VAT as may be applicable.
My query is sales of drugs should it be under sales of good or sales of services in revenue from operation during the filling of TAX.
our auditor as put it under sales of Services and now there is query from VAT department for the finance year 15-16. As for my knowledge goes the revenue from sales of drugs should be under sales of goods, I don't know I may be right or wrong. Please clarify.
Regards,
Eash
CAclubindia
