EASYOFFICE
EASYOFFICE
EASYOFFICE

collecting vat at higher rate

This query is : Resolved 

05 January 2010 if i had purchased goods with 4% vat and sold it with 12.5% vat
what problems i and my debtors would face as per both income tax and sales tax.
(in such a case I am collecting a higher tax for the govt would that create a problem/scrutiny.)

06 January 2010 Vat depend on State Vat rate,so you should collect as per Vat rule. no problem.



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