COMPONENT FOR VAT

[abhishreshthaa]

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 purchases.

• Vat or net tax payable.

 

[jitendra05]

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 purchases.

• Vat or net tax payable.

Hey abhi, nice work! I really appreciate your work and thanks for sharing the information. BTW, i have a document which would provide the detailed note on component of VAT and i am uploading it here. So please download and check it.