Ms. Vivitha, a registered dealer in Tamil Nadu, bought 10 units of raw material-A from another registered dealer in the same State for a sum of ₹73,500 inclusive of 5% VAT. She sold the same to a consumer in Tamil Nadu a
CS Executive · Tax Laws and Practice · PYQS · June 2015
Ms. Vivitha, a registered dealer in Tamil Nadu, bought 10 units of raw material-A from another registered dealer in the same State for a sum of ₹73,500 inclusive of 5% VAT. She sold the same to a consumer in Tamil Nadu at a profit of 30% on selling price. Net VAT liability payable to the State Government is
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: VAT
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