Vat Treatment querry

If the Vat was allowed as an expense earlier at the time of payment, eg : any purchase for which no input credit is claimed then, it will be taxable on refund u/s Sec. 41

If I am wrong then tell me the same

yes, bhagyesh is right.....

Hi,

I have several questions relating to VAT. Please solve my problems.

purchased the goods from manufacturer Rs 10000/- paid VAT Rs 400/- then sold the goods 20000/- after giving the discount 40%. What is the vat payable amount?

1.whether vat is payable after deducting the discount or some other treatment is there is there?

2.if discount is given at more rate even out put vat is received is less than input vat what is the treatment?

Thanks