What is the difference between input vat & out put vat?
- 11 Answers
- 54702 Views
- I also Faced
- E-Mail Answers
Answer Posted / bharath kumar
as shishupal posted answer in that example he did an
calculattion mistake
i.e.,
purchase 2000+ input tax@4% 80 = 2080 (total cost)
sold 3000+ output tax@4% 120 = 3120 (total collected from
customer)
vat payable = output vat - input vat
=120 - 80 = 40
total profit = 3120-40-2080 = 1000 RS
| Is This Answer Correct ? | 132 Yes | 16 No |
Post New Answer View All Answers
Define Salry for the following purpose 1.To calculate HRA
What is payment/receipt/period accruals?
Why in partnership fundamental question will add Partnership salary for the year and per month salry add in the cr. Side of the p/l app a/c
How do we return the loan in equal installments with interest in tally
How goodwill is accounted for the first time in a company .
If i want to establish a company in which i want to manifacture and sell the Wine. So how many permissions i have to taken and who will issue those?
How now about sales tax and purchase tax.what is the persentage of those thing in tamil nadu.
WHY LOSS IN BUSINESS IS SHOWN IN ASSETS SIDE OF BALANCE SHEET? WHY EXCISE DUTY IS DEDUCTED FROM THE GROSS SALES TO ARRIVE NET SALES? WHY SALES TAX IS NOT DEDUCTED FROM SALES TO ARRIVE NET SALES?
can any one tell me what kind of qns are asked in gail entrance test. i m apearing for the exam of accounts & finance. please let me know the ans on my id pragneshmall1@gmail.com
what is accounting in automobile
Expand--------TOS
How can fictitious assets be measured or valued?
ER-1, ER-2,ER-3,ER-4,ER-5,ER-6,ER-7 plz tell me use of these excise form
Please share different type of Z report
sir i'm having exp as a HR-Recruiter, now i'm willing to work in other areas of HR.Is learning of accounting courses such as (Payroll mgmt,TDS, service tax, vat, provident fund, gratuity fund, Tally ERP.9 )is necessary? if so, kindly guide me what all accounting courses i need to study to work in other areas of HR. or what are the qualifications required to work in other areas of HR? 2)one of my friend would like to know the job profile for Finance admin..
