VAT For Manufactures

AED

Purchase Cost 50.00
VAT paid @5% 2.50
  52.50
(+)Value addition 5.50
(+)Profit 2.00
Selling Price 60.00
(+)VAT @5% charged 3.00
Total Price 63.00

INPUT TAX CREDIT

VAT @5% charged 3.00
VAT paid @5% 2.50
Net Vat payable 0.50