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VAT Output reversal on Return of Goods

Others 764 views 1 replies

An item was sold when the VAT rate on it was 4%, but later on it was returned by the buyer, when the VAT rate on it was increased to 5%.  So at what rate the selling party should give credit to the buyer - 4% or 5%?
 

Replies (1)

it is to be shown at 4%


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