02 November 2009
Pls Tell me Calculation of VAT Credit
I have to Know if I am receiving Cement @ 12.50 + 2.50 VAT & I saled Cement with the Profit of 5% to Local Unregistered Person or any person who does not use Cement for Business Perpose but in Personal use. So If Tax Calculation is made. what we have to Calculation Suppose... Rs. 1500/- is Purchase VAT on 10000/- and When I sale by Retail Invoice Rs.9000/- without including VAT on it.
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