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Adjustemen of vat

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 February 2014 SIR

IF I PURCHASE RAW MATERIAL ON VAT 12.5 % , AND SAME FINISHED GOODS SALE ON VAT 5 %, HOW WE ADJUST THE DIFFERENCE OF VAT.



THANKS & RGDS

MUKESH KUMAR
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Vishnu Saboo

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Vishnu Saboo (Expert)
18 February 2014 un utilized VAT credit can be claimed as refund with proper procedure.

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