| Originally posted by : ANKIT SAXENA | ||
 |
Mr. Singh registered dealer purchase stock worth 8 lakh by paying 4% tax. He did some value addition 250000 on the stock that he had purchase. What amount of vat he has to pay? |  |
8 lak prime cost+250000 valu addition =1050000*4%=4200
if after value addition its converted in 5% slabe then charge 5% vat
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