What is the procisure of sales tax return if i want to file
return what i do .
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Answer Posted / inder monga
first you calculate the amount of sale tax(output vat) on net sales(gross sale-sale return)
then calculate input vat on net purchase (gross purchase-purchase return)
deduct input vat from output vat. & check if any additional discount allowed to customer the amount of tax calculate on additional dis.
payable tax=output tax-input tax-tax calculate on additional dis.
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