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Hello
Sir kindly tell me that when we use historical test and when we use future test, I know the application but can not differentiate one from another,Sir second question is,
If question says that there is some zero rated supplies in sales figure (given in scenario) and there is also exempt purchases included in purchase figure, sir then what amount we can recover as zero rated to claim for input VAT.
I saw a question they ignore both zero rated supplies which was included in sales figure and as well as in purchase figure, but how they can ignore and not claim input VAT, as we know that we can claim zero rated supply,Q1 – we use whichever test is first applicable – have you worked through the OT notes and examples?
Q2 – not sure what you mean here – if you can show me the example and the answer you do not understand I will try and helpMissing OT Video lectures on Inheritance and VAT. Must be some genuine reason for not uploading till now ?
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