How to keep the invoice records of Zero VAt goods and taxable goods???? we have ko keep seprste records, use seprate invoice or same invoice book can be kept?
2 Replies
Anand
(Chartered Accountant)
(166 Points)
Replied 11 December 2012
There is no requirments for seperate invoice and book of account for zero vat and other, but you have to maintain seperate ledger for input vat, output vat, taxable turnover and other turnover.
Arun
(Student CA Final )
(142 Points)
Replied 12 December 2012
thanks Mr. Anand..
and can you please elaborate the second part of your answer. little bit more details on that wud help me a lot.
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