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VAT

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Suppose  I receive  bills of  Rs.104/- (Inclusive of VAT) and effect  the  sale  of  the  same  goods  at  Rs.52/-( inclusive  of  VAT).......  plz  tell  me if its wrong 

Replies (3)

IF UR IN COMPOSITION SCHEME ITS CORRECT, OR IF U R VAT SCHME IT IS NOT CORRECT. YOU HAVE TO  SHOW COLLECTD TAX  SEPERATLY IN BILLS

HaPpY VaLeNTiNeS DaY!!!

Originally posted by :TR NAGARAJA
" IF UR IN COMPOSITION SCHEME ITS CORRECT, OR IF U R VAT SCHME IT IS NOT CORRECT. YOU HAVE TO  SHOW COLLECTD TAX  SEPERATLY IN BILLS "

 

 

i m not in any scheme......  please  tell me in more details....


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