(a) A Final consumer Shital paid value added tax Rs. 39,000 while purchasing consumable goods. The goods was imported by ABC Ltd and sold to…
BBS Taxation in Nepal · 2080 · Solved Question with Answer
(a) A Final consumer Shital paid value added tax Rs. 39,000 while purchasing consumable goods. The goods was imported by ABC Ltd and sold to retailer. Make up 20 percent on cost price was included in all levels.
Required:
i. Import price of the importer
ii. Total VAT to government.
(b) Value added tax is based on added value of goods and service." Explain.