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Treatment of VAT Tax paid

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 December 2010 What is the tratement of VAt Tax payable/paid on sales?Whether the VAT tax paid be treated as Expenditure??
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AMAN Gupta

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AMAN Gupta (Expert)
14 December 2010 how it can be treated as your expenditure? you have already recovered it from customer
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Arun Iyer

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Arun Iyer (Expert)
14 December 2010 If Paid Vat Means it will Shown in Assets Side Upto Using Of input Credit

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