SKT exports purchased raw material on which it paid VAT rs 160000.
the entire goods were exported to a country in africa. It has another unit where is VAT output credit rs 345000 and input credit of rs180000
net VAT liability?
Madam.,
Please tell 'Which State VAT'...?
If Purchased items to sale export. You will apply Reverse credit for the sale value. After you calculate the tax liability....
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
