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Why is VAT charged on clothes?

VAT is charged on clothes to raise taxes.


Who will pay vat in FIJI?

consumers of FII


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.


Is there vat on paint?

In the UK VAT is charged on paint.


How to calculate vat liability on works contract?

How to calculate vat on works contract


Is vat charged on postage stamps?

yes we are charged vat on most things in this country, of course stamps are one of them.


How do you calculate vat liability under works contract under delhi vat?

how to calculate vat liability under works contract under delhi vat


Is vat charged on flights booked in South Africa?

Yes, VAT is charged on almost everything in South Africa. In addition, airport tax is added onto the ticket prices. VAT is charged at 14% of the base cost.


How do you calculate vat in tally?

How do you calculate VAT in Tally 9.0 & how to put bank transcation in tally


Can VAT be charged on Annual Maintenance Contracts - Comprehensive?

The VAT may be charged on the Annual Maintenance Contracts. VAT goes under the Comprehensive section of the contract and will be an agreed upon percentage.


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


Differentiate between input VAT and output VAT?

Input VAT is the tax imposed on purchase whereas Output VAT is the tax charged on selling items