(a) Sharma purchased goods from retailer at Rs. 7,910 including VAT. The retailer purchased goods from importer at Rs. 5,000 excluding VAT. The…
BBS Taxation in Nepal · 2079 · Solved Question with Answer
(a) Sharma purchased goods from retailer at Rs. 7,910 including VAT. The retailer purchased goods from importer at Rs. 5,000 excluding VAT.
The importer imported the goods for Rs. 4,000 excluding value added tax.
Required: i. Value added by importer and retailer.
ii. Total VAT to government.
(b) Enumerate any five goods/services exempt from value added tax.