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    nrv1218 Posts: 1, Reputation: 1
    New Member

    Jun 4, 2012, 12:55 AM
    Input vat on purchase returns
    What happens to the input vat with goods purchased and a partial return was made by us.

    Example - purchase of materials 1,120.00 and returned half. Vat input was already remitted.

    Original entry:

    Purchases 1,000.00
    Input vat 120.00
    Payable 1,120.00

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