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vat chargable on which amount?

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(Querist)
15 July 2011 vat is chargable on which amount?
gross amount of sales or gross amount of sales- discount given? And Why?
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S.P.Mahanta

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S.P.Mahanta (Expert)
15 July 2011 Gross amount of sales- discount given.VAT is leviable on transfer value of goods.

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