Hello Everyone,
Few days back we our firm registered with TIN/CST Number.
I was wondering how can we calculate VAT.
Main Ledgers.
1). Sale
2). Purchase
3). Shipping (Courier) Expense
4). Packing Expense
5). Travelling Expense (while purchasing)
would it be like
total sales - cost of goods sold - shipping - packing expense - travel ..
would this be ok or some other way ??
