NBT 2 or 2.04 should we charge?

asked Mar 31 in NBT by Chathuranga (460 points)
I saw that some of the companies charge NBT 2.0% and 2.04% and 2.0408%. I think most of the companies uses 2.04% or 2.0408% rates because when paying the NBT they get tax losses. My question is this tax loss arise when we are paying the NBT from our total turnover?

If we pay NBT which is collected on NBT payable GL account and deduct any claimable NBT on NBT receivable account then there's no any tax loss?

1 Answer

0 votes
answered Apr 2 by anonymous
Check here http://www.lankataxforum.com/6/nbt-calculation?show=6#q6

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