This document summarizes the VAT computation for a company from April 1-30, 2014. It shows the company had Rs. 3,600 in output tax on sales at a 4% VAT rate. The company also had Rs. 3,000 in input tax on purchases at a 4% VAT rate. After accounting for input tax, the company's VAT payable is Rs. 24.

1. VAT C
VAT Computation
1-Apr-2014 to 30-Apr-2014
Page 1
P a r t i c u l a r s TaxAssessable
AmountValue
Sales
A. Output Tax
Output VAT @ 4% 144.003,600.00
Total Output Tax 144.003,600.00
Purchases
C. Input Tax
Excess Input Credit Brought Forward
Input VAT @ 4% 120.003,000.00
Total Input Credit 120.003,000.00
VAT Payable 24.00