0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is the differences between VAT and income tax?
VAT is value added tax charge on sale and purchase. Income tax is tax charged on income received.
Journal entry of credit sale with vat?
simpleParty A/c Dr. (inclusive of vat)sale A/c Cr. (exclusive of vat)Vat output Cr.
Difference of e-vat and vat?
The difference between e-vat and vat is the time in which they take effect. The vat takes effect when a sale is made, and the e-vat takes effect when the sale is finalized. To know more about the VAT or VAT consultancy services please visit Proactive Consultancy Group - TPCGUK or you can call us at +44 207 193 7072
Is gross sale a vatable sale?
Yes, if sales is VAT EXCLUSIVE
Who is in charge in Armenia?
bhhbvhfbvhfbvfv
Whether vat is applicable on sale of sand and cement?
whether vat is applicable for sand & bricks
What is the Journal entry for sale on credit with VAT?
debit Accounts receivablecredit sales revenueCredit VAT payable
What is the difference between output vat and deferred output vat?
Deferred output tax is recorded by the seller for the sale of things on credit, and the standard output tax is recorded for the sale of things that were paid for with cash.
What is the difference between sales tax and vat?
Sales Tax is a tax charged on Sale of any item whereas VAT is value added tax charged on both sale & purchase.
Does the London congestion charge include VAT?
Does_the_london_congestion_charge_include_VAT
Is VAT direct or indirect?
VAT is an indirect tax as it is based on a tax applied to the manufacture or sale of goods and services. Basically, VAT is mainly added to and paid for by a customer when making a purchase.
Do you charge VAT on goods sent to Switzerland from UK?
Switzerland is not in the EU. You should be able to claim back the British VAT, because the goods are being exported outside the EU. The Swiss customs will then charge VAT, and possibly import duty on the goods.
