Easy Office
LCI Learning

Vat reverse on rate differnce

This query is : Resolved 
Profile Image

Profile Image

(Querist)
06 January 2014 please help me its urgent.!!!
I have a problem regarding VAT reverse on rate differences.

suppose sale price rs. 100/- Vat rs.12.5/-
If rate difference amount 20
vat on 20*12.5= rs. 2.5
Can I reverse this 2.5 vat amount????
as a set off???
please help me...
Profile Image

CA Hardik Bunha

Profile Image

CA Hardik Bunha (Expert)
06 January 2014 NO, YOU CAN NOT SET OFF.

VAT CALCULATED ON SALE PRICE BUT NOT ON MONEY RECEIVED.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links