What is the difference between input vat & out put vat?
- 11 Answers
- 54701 Views
- I also Faced
- E-Mail Answers
Answer Posted / vijaya kumar
Concept of Input Vat and Output Vat
Case 1
Mr.A purchase the goods Rs 1100 and vat is 100 again that
goods sold my me to Rs 2200 and Out put tax 200
In the above case 1, Out put 200 and input vat 100. so Mr.A
paid 100 tax
| Is This Answer Correct ? | 36 Yes | 7 No |
Post New Answer View All Answers
What is the basic difference between pledge, hypothication and mortgage????
What do u mean by pass through expenses? give examples, how it will be accounted & billed?
If we spend a sum of Rs.10 Lacs towards Processing and Upfront fee for obtaining working capital term loan. can we treat this amount as a deferred revenue expenditure or not
1.provide a brief write up on why you consider yourself suitable for the post voting your major achievements? 2. Mention your position in the hierarchy and the levels above and below you ?
what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching
Aravinda Financiers sanctioned a loan of Rs 250000. A cheque was sent after adjusting processing charges Rs 247250 Pass necessary entry
Which element do you need to enter during document posting to distinguish between international and local GAAP (generally accepted accounting principle)?(any 2 answer) • Account group for the account approach • Ledger for the ledger approach • Ledger group for the ledger approach • Account for the account approach
outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited
is indian bank or canara bank CBS brach?
Three steps for correction in BRS?
why do u want to join bpo sector
• What are the types of cash flows?
why you choose accounting as your career ? ?
What is Split And buy-back?
Straight line method to using Indian company names
