Answer / shyam

Calculate how much collect vat like...50 Lakhs
calculate how much payable vat like...25 Lakhs

NOW paid 25 lakhs.

here collect means selling goods.. and payable means pur.,

payable are more than collected then refunded.state gov.,


if good sold out of state cst collected..and paid central
government.

what is a journal entery of goodwill?

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