Answer / atul nema

Input Tax rebate is the tax paid/payable on the purchase of
any taxbale goods to the registered dealer.

such Input Rebate shall be utilised to pay output VAT.

Output VAT-Input VAT= Amount payable.

if Input tax is higher as compare to the Output VAT, refund
shall be generated and carried over to next tax period or
granted to the dealer as the case statue permits.

Answer / sandeep kumar sharma

Input Rebate on Sale Tax

Banefit of Tax Deposit

Output vat- Input Vat= Tax payable

Wat is 80cc? and examples

4 Answers   Satyam,

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What is the differance between Direct Tax and Indirect Tax?

4 Answers   ABC,

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How to calculate IT,TDS,ADVANCE TAX,VAT,CST,EXCISE DUTY,PT,ST.ESI.PF?

5 Answers   Alp Consulting, Jaycon, KPMG, Manufacturing, Unique Circle Engineering,

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What is permanent account number (pan)?

0 Answers  

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I have doubt on Input VAT & Output VAT (incoming vat / outgoing vat) I have a HMS software, where we have interface to tally erp. When we import the transactions to Tally from HMS (Hospital Management System) All the purchases what we do for a period, the tax paid on these purchase are showing as out going vat. Similarly when we do the sales of those purchased items through HMS, tax collected from customer is showing as incoming vat. Is these are correct terms what they had mentioned in HMS? Please help me out.

0 Answers  

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we have received " c" form against full rate of tax i.e 12.5% from the customers can we summiting in sales tax department for taken a refond as consisnal rate i.e 2% sale against "c" form , but party hasebeen mantion on the back side of from all value inclusive of taxes i.e full rate of tax can we utilised this form for consosnal rate ?

1 Answers  

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TDS Reimbursment? Iam 2 tipper owned small transporter and TDS diduct in my transport bills. can any body tell me how can i reimburse my TDS and what are the procedure for reimbursment and what are forms, papers to be required, tell me please.

1 Answers  

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we are a manufacturer unit can we purchases of building material agst form "C" or vat C4?

0 Answers   Penam Laboratories,

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If a person got gold by wining a lottery and TDS on the gold value was not deducted by the deductor. After getting the gold, the person tranfer the gold to his daughter. After reading the provisions of the Income Tax Act, 1961, you are required to state that who is liable to pay the tax on the value of the gold? and is there any liability of the Deductor towards non-deduction of TDS?

1 Answers  

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What is VAt ?

2 Answers   Su Kam,

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Hi,when we pass a clearing entry of paid and unpaid tax how do we show the business area the way the business area can be seen.is there any change that i have to do in the configuration of this GL.my client wants that the business area also reflects when we post the gl.please help.

0 Answers   Wipro,

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mr. x earns a salary of rs. 34000 p.m, but mr. x assures that he is going to produce investment suppoting of rs. 69000 eligible u/s 80C but fails to produce how to throughtout the F.Y ho to calculate tds per month???

1 Answers   ICA,

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