vat

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

19 October 2010 if profit added by the buyer to resell the goods is as a % of cost price to him ,then the vat paid by him should be included in the cost price???? or

the cost for adding th eprofit will be excluding vat paid??

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
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20 October 2010 Simply you have to calculate the VAT on new sale price including all.

Your question is not clear, better to give example in this type of questions.