Vat input creadit

Dear Friends

Last Month purchase of Items Valive 45000,Input tax 1800, sales of Items Valive 35000 out put Vat 1400

How Much Vat input Creadit

Thanking You

Replies (2)

Rs.1400

u will get credit of whole 1,800 during the year of purchase.

for payment of VAT u can use the credit of 1,400.

bal. rs 400 available for next pament of output vat.

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