If Sales is Rs 1000 (Inclusive of Vat), Vat Rate - 20%, What
is Vat Payable?
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Answer Posted / maqbool ahmed
1000*20/100
166.67 vat payable
833.33 is sales (execulding vat)
the total sales for 833.33 and vat payable 166.67
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whether sale and purhases of cf agent are his and he is liablte to pay VAT on sale of goods and pay the tax to govt collected by him one more being receiving commission of saleproceed during the year whose stock would be it it is of c f agent or principal manufctrurer who has send the goods to sold on his behalf
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