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Disclosure requirements under revised schedule vi

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(Querist)
29 July 2013 VAT paid on Sales under Composite Scheme is to disclosed as Expenditure or should it be deducted from sales, as we record gross sales in our books of accounts. What should be the treatment as per Revised Schedule VI
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Kumar

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Kumar (Expert)
01 August 2013 Excise duty alone needs to be included in sales and shown as deduction
VAT should be deducted from sales in the first instance itself

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