Answer Posted / raman biswas

actually there are two types of method to maintain our accounts
1st is account only
2nd is account with inventory
when we do account only then generally we put input vat as current assets which means we had purchased or received vat which we had to pay to government.
as like as out put vat is a current liabilities which we have to pay to government

but we also put both of them in duties and taxes because this is a duty to pay.(this is generally used when we maintain accounts with inventory)

thankyou all of you

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