A manufacturer should charge vat or excise duty or both in the following conditions?
A. If he sells the manufactured items in his own retail stores to retail customer directly?
B. If he sells the goods to traders?
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What should be charged in this situation: vat or excise duty
Replies (1)
In both cases VAT & Excise duty has to Pay
Excise duty concerned with manufacuring of goods
Vat is concerned with levied on each point of sale including first sale
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