Q4
| B LTD | G LTD | |||
| Purchase | 80000 | Office Stationary | 8000 | |
| vat 5% | 4000 | vat 5% | 400 | |
| 84000 | 8400 | |||
| X LTD | |
| Sale | 130000 |
| vat 5% | 6500 |
| 136500 | |
What is Vat Payable?
-a-
| Particulars | Amount |
| Output Vat | 6500 |
| Less | |
| Input Vat | 4000 |
| Vat Payable | 2500 |
No Input of Office Expenses for Vat Dealers
Input is available only of those items which we use for selling,not of expenses incurred in office
If we were Stationary Shop,we will get input of same
