Hello sir
What is reverse credit in vat..
With example and computation
Answers!
On Purchase of Goods ,we take Input Vat(also called Credit)
This Vat Credit we need to reverse in certain cases like
- Purchase Return
- Discount on Purchase
- Quality Deduction on Purchase
- Closure of Business etc
Learn more
Comment
Answer the question...
On Purchase of Goods ,we take Input Vat(also called Credit)
This Vat Credit we need to reverse in certain cases like
- Purchase Return
- Discount on Purchase
- Quality Deduction on Purchase
- Closure of Business etc
Learn more
Comment