Is Composition VAT paid for business debited in P&L A/c.
CA R.K. JHA (CA Practice ) (25 Points)
07 September 2015Is Composition VAT paid for business debited in P&L A/c.
Piyush Tanwar
(Assistant Manager - Accounts)
(1432 Points)
Replied 07 September 2015
Yes.. Composition VAT will be debited to the Total Tax amount paid or payable for the year.
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