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Regarding Input Vat

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 April 2010 why the input vat goes to current liability- duties & taxes a/c.
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
03 April 2010 because of compile the data in one place, and easy set off entry, and also to no output vat payable amt.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
03 April 2010 agree with Mr.Ashok
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