Basically value addition is the profit . Real VAT liability can comput reverse adjustment to the profit. But basically in sri lanka VAT is profit to the companies as many private companies making invoice using two set of invoice.only one set will disclose to the IRD. And then adjusting stocks .those companies are paying small amount as VAT. There is no any link with IRD with the bank accounts.first implement proper system to collect the Tax.if sri lanka is having proper system can reduce VAT and other TAXs
@pasindurathnayaka614423 күн бұрын
GOOD IDEA
@DhanushkaKiriella-h9v9 ай бұрын
Superb explanation I have watch about VAT. Thank you very much ❤
Thank you for watching. That is true sri lanka had TT and GST at the same time. Such TT was administered by provincial councils and charged only on whole sale and retail business. Such business was excluded from GST scope.
@arkad-fmltadvisor10 ай бұрын
Now the situation changed
@chandikathennakoon58009 ай бұрын
Api ganna bandawalata aya karaddi venama vat ganna puluwanda