I PURCHASED A.C(AIR CONDITION) FOR PERSNEL USE & SUPLLIER CHARGE VAT & ISSUE RETAIL INVOICE. WETHER WE HAVE TO PAY VAT ON RETAIL INVOICE ..
RAJU
(LEARNER)
(1089 Points)
Replied 23 June 2010
Hi Sahil,
VAT is payable by the seller on the sale price. So has accordingly collected which ultimately will be borne by the users.