Dear Friends
Last Month purchase of Items Valive 45000,Input tax 1800, sales of Items Valive 35000 out put Vat 1400
How Much Vat input Creadit
Thanking You
2 Replies
CA Saurabh Shukla
(Accounts Executive)
(223 Points)
Replied 18 March 2010
u will get credit of whole 1,800 during the year of purchase.
for payment of VAT u can use the credit of 1,400.
bal. rs 400 available for next pament of output vat.
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