whether vat plus excise amount should be included in Gross sale as per revised schedule six, because no specifically mention ed it in Revised schedule six
23 March 2013
No Vat amount is not included in Gross Sale....only Excise amount is included and that too is shown by way of deduction from gross sale as follows:- gross Sale.............................xxxx (-)Excise Duty........................xxxxx net sale and in the guidance not on Revised Schedule VI by ICAI this procedure is clearly mentioned.You can have a look on it.
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