VAT ACCOUNTING FOR RETAILERS
How do I account for VAT if I am a VAT dealer making sales to consumers?
How do I account for purchases?
How do I claim credit for the VAT I have been charged on my purchases?
How do I calculate my output tax (THE VAT ON MY SALES) when I am selling to consumers without separately showing the VAT?
What is the fraction and how is it calculated?
How do I calculate my output tax (TAX DUE ON SALES) if I sell goods to consumers and VAT dealers?
How do I declare the VAT I have to pay on my sales?
How do I identify goods which are not liable to VAT or goods taxable at different rates?
Where can I get a format of Tax Invoice?
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