VAT Payable

Where do we show VAT payable in profit and loss account?

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  • Oct 27th, 2015

It cannot be shown in profit and loss that can be show as current libabilities in balance sheet of libabilities left hand side

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  • Apr 21st, 2016

After EBITDA and Interest Expense.

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  • Jul 19th, 2017

It is a balance sheet item come under current liability (duties & taxes)

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