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WHAT Perpose does VAT serve?

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Anonymous

17y ago
Updated: 8/16/2019

very automatic transmission

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Wiki User

17y ago

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What is consumable technology?

these are out dated or expired equipment that no longer have relivance, or they no longer serve any perpose.


Who made money over everything?

The ones who serve the devils perpose


What is the perpose of pi?

perpose


How many types of vat?

The types of VAT........ 1 ) INPUT VAT @ 4 % 2 ) INPUT VAT @ 1 % 3 ) INPUT VAT @ 12.5 % 4 ) OUTPUT VAT @ 1 % 5 ) OUTPUT VAT @ 4 % 6 ) OUTPUT VAT @ 12.5 %


Gross of vat and net of vat?

There is no such term as gross of VAT. The amount with VAT is called the gross amount while the net of VAT is the amount after the VAT has been deducted.


How do you calculate vat intput and output?

To calculate VAT input and output, first identify the VAT you paid on purchases (input VAT) and the VAT you charged on sales (output VAT). Input VAT is the tax included in the cost of goods or services acquired for business use, while output VAT is the tax collected from customers on sales. To determine the VAT you owe to the tax authorities, subtract the total input VAT from the total output VAT. If the output VAT exceeds the input VAT, you pay the difference; if the input VAT exceeds the output VAT, you may be eligible for a VAT refund.


How can I reclaim VAT?

To reclaim VAT, you need to be a registered business that has paid VAT on goods or services. You can reclaim the VAT by submitting a VAT return to the tax authorities, detailing the VAT you have paid and the VAT you have charged. This process allows you to receive a refund for the VAT you have paid.


What is VAT output and VAT input?

VAT that is charged by a business and paid by its customers is known as "output VAT" (that is, VAT on its output supplies). VAT that is paid by a business to other businesses on the supplies that it receives is known as "input VAT


Is net of vat is the same with vat inclusive?

vat exclusive


Is net of vat and vat inclusive the same?

No, net of VAT and VAT inclusive are not the same. "Net of VAT" refers to the price before any VAT is added, while "VAT inclusive" indicates the total price that includes VAT. For example, if a product costs $100 net of VAT and the VAT rate is 20%, the VAT inclusive price would be $120. Understanding the distinction is crucial for pricing and accounting purposes.


Do you pay vat if the customer is vat exempt?

no. because when customer is notpaing vat only he have vat exwmption only/


Calculate 15 percent vat in 545?

If the 545 is inclusive of VAT then the VAT element is 71.08, however if the 545 is exclusive of VAT then the VAT would be 81.75