Hello frnds.
Please let me know, is there any ratio is required to check before filing VAT return with regard to purchases and sales.
Eg: Purchases 1,00,000
Sales 2,00,000
% of purchases over sales 50%
Is this computation is required ??
CMA Sravan Kumar (Accounts Manager) (647 Points)
20 April 2017Hello frnds.
Please let me know, is there any ratio is required to check before filing VAT return with regard to purchases and sales.
Eg: Purchases 1,00,000
Sales 2,00,000
% of purchases over sales 50%
Is this computation is required ??
Santosh Tiwari
(Article)
(50 Points)
Replied 28 April 2017
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