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Discount on VAT

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(Querist)
17 December 2010 Whether VAT should be charged after deducting discount from gross amount or before deducting discount from gross amount?


Regards,
Devendra
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K Bala Kishan

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K Bala Kishan (Expert)
17 December 2010 VAT should be calculated after deducting discount from the gross amount.

Regards,
K Bala Kishan

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