importance of vat

  1. A

    COMPONENT FOR VAT

    Components For VAT. The relevant components are: • Sale price or purchase price. • Turnover of sale or purchase, including taxable turnover. • Output tax or tax on sales. • Purchase tax input tax or tax paid on...
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    • component component of vat importance of vat taxation in india taxation system vat
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    • Forum: Accountancy
  2. A

    SALES AND PURCHASE FUNCTION IN VAT

    Sale And Purchase Under VAT. EVENT OR TRANSACTION, WHICH ATTRACTS TAX Value Added Tax is: • on sale or purchase of goods • by a dealer, in the course of business • for a consideration • payable on turnover of sales or purchase • at every...
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    • function functions in organisation functions in vat importance of vat purchase purchase function sales sales function vat vat exemptions
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    • Forum: Accountancy
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