VAS (Virtual Accounting Service) Firm is an independent Consultancy firm since the year 2010. We serve leading businesses and organizations across a broad range of industries and disciplines.
“We give you proper guide line against our new law system.”
Our goal is to reduce the stress associated with your legal situation by explaining every step of the process and taking the time to answer your questions.
The Firm is giving complete professional consultancy service with commitment and due delegation since the year 2010.
Teamwork, experience, accountability and innovation – all of which is reflected in the quality of our results.
Experience, accountability and innovation – all of which is reflected in the quality of our results.
We work buy-side and sell-side – give our clients hard-hitting answers and focus hard on the best opportunities.
Before we talk destination, we shine a spotlight across your organization to fully understand its people and technology.
We help entrepreneurs get their act together before they talk to investors. Personal approach is a key in our consultation service.
Committed VasFirm Experts Ensuring Your Books Are Perfectly Accurate
To provide Consultancy for preparing of all sorts of VAT Problem and any other services as the company may think fit and proper
Keeping up with the latest trends is essential to staying relevant in
Learn MoreAt Virtual Accounting Service (VAS Firm) we help to lower the administrative
Learn MoreWe work with local small and medium sized businesses To help improve....
Learn MoreInternet is one of the key sources which generate pool of data every day.
Learn MoreWe offer accounting and payroll services tailored for your needs
Learn MoreWe provide Vendor & customers with a company's products or services.
Learn MoreOur values are part of what makes us different from other agencies, so we see this as a responsibility, as well as strength.
Our values are part of what makes us different from other agencies, so we see this as a responsibility, as well as strength.
Our values are part of what makes us different from other agencies, so we see this as a responsibility, as well as strength.
Value Added Tax or VAT is such an indirect tax which is paid by the consumer through a registered person. Value Added Tax or VAT on a particular goods or service is determined on the basis of adding actual level of value of the said goods or service adjusting input tax payable against the supplied goods or service.
Procedure of Value Added Tax or VAT is an automatic taxing procedure based on input tax credit against supply or sale. The supplier accepts the paid up VAT on the purchase tax of the goods or service during the purchase as credit as against the VAT included in the price during supply of such goods or service and he pays the net amount of VAT. Therefore, the seller realizes the VAT from within the price obtained from the buyer and deposits the net amount of VAT to the Government treasury after taking credit on VAT at purchase level.
The VAT payer is the last consumer of goods or service in the Value Added Tax procedure. The supplier or seller realizes VAT from the purchaser at every level of sale and deposits to the Government treasury. As the consumer is the last among the purchasers, therefore, the ultimate liability of VAT devolves on the consumer. The supplier or seller deposits the VAT realized only at the level of sale to the Government treasury.
As a good citizen, I shall pay VAT on the following reasons: