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 o

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Hello sir What is reverse credit in vat.. With example and computation
Davneet Singh
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

http://www.teachoo.com/917/376/Treatment-of-Purchase-Return/Vat-Debit-Note-Credit-Note-Entries/author/teachoo

Written on Aug. 24, 2016, 6:44 p.m.
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