Ques:- A company purchase goods Rs.2000/- & input vat receivedrs.100/- but at the time he sold goods 1000/- as a sales &1000/- as a sock transfer. plz tell me how much take inputclaim in this case.
Asked In :-
Ryan India Tax Services, Imperium Management Solution,
Right Answer:
The input VAT claim in this case is Rs. 50.
The input VAT claim in this case is Rs. 50.