iclusive method

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Mansi Deshmukh

Mansi Deshmukh (Querist)
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30 August 2008 How vat is accounted in books in case of inclusive method of accounting?

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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30 August 2008 In the case of inclusive method VAT paid on purchase is included in the purchase and VAT on sale is included in sale. The inventory is valued inclusive of VAT.

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iclusive method

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