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Treatment of vat paid under composition scheme?

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(Querist)
12 September 2016 How would we treat VAT paid as a certain % on turnover under Composition scheme in the final accounts?
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Deepti Asawa

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Deepti Asawa (Expert)
12 September 2016 Vat paid show as indirect expenses in profit and loss a/c
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cox769

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cox769 (Querist)
12 September 2016 Thank you. Appreciate your rapid response.
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