Answer / manoj

TOTAL SALES VAT- TOTAL PURCHASE VAT

Answer / guest

Total Sales Vat - Total Purchase Vat

Answer / hr sreepada bhagi

VAT on Sales should be calculated by multiplying the basic
value of the products in the Sales Invoice by the rate of
VAT for those products mentioned in the Schedule to VAT Act.
If any Surcharge or Cess is applicable on basic VAT,
calculate it by multiplying the VAT by the rate of Surcharge
or Cess.

While remitting, deduct the VAT credit on purchases during
the period from the VAT collected (including
Surcharge/Cess). In other words, Amount to be remitted to
the Govt. is the excess of VAT collected over Input VAT
credit : i.e.

VAT on Sales - VAT on Purchases = Amount to be paid to Govt.

Answer / pankaj

OUTPUT VAT - INPUT VAT

Answer / atul nema

Hi,

Determination of VAT has a following proceedings:
Firstly from Gross Turnover reduce ISS sales,Export
sales,Depot Transfer, Sales Return within 6 months,Labour
expenses and profit component part of the sales.

By the above calculation Taxable turnover comes out.
From Taxable Turnover bifurcate the sales into different
commodities rate. calculate the output vat from these
bifurcated turnover.

Gross VAT comes out shall be reduced by the input vat, if
positive result comes out it would be the ultimate vat
liability.

whether TDS is deducted on internet charges(leased line) and which section does it belong to and if it is applicable then what is the maximum exemption limit?

6 Answers   Airtel,

When the C-Form should be issued, Whether it is from the date of Invoice OR from the date of material received (Goods Receipt Date)

5 Answers  

for applying way bill for to send the materials from one state to onother state for a part load ( not full exclussive truck load)through transporter,dose it required vehical registration number or only transporter details can do.(as for part load , transporter unable to inform the vehical number in advance).kindly advise.

0 Answers  

IS ESI is applicable to audit firm which has more than 20 employees?

3 Answers  

What do you mean by vat, vat registration total cost hydra bad in which places

0 Answers  

plz tell me calculation of service tax and tds. point by point

2 Answers  

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  

The company i approached asked me that they are registered Manufacturer to market fire extinguishers. They have both VAT & CST registration. When they supply material out of state i.e. under "C" form, to a Dealer who is also registered with CST and who can issue "C" form but for product paint. Will the "C" form issued by the Dealer be acceptable to us. What law governs, since the dealer is not registered to trade in Fire Extinguishers? In the first instance will he be able to issue "C" form at all i.e. Will the government allow him to issue "C" Form, if so under what norms? In the case that my company is the Dealer and registered for trading in Paint and we are taking Fire Extinguisher Dealership will I get set-off in "C" form for purchase and Sale. Kindly let me know on russel.raphael@gmail.com

0 Answers  

What is difference between PAN No and TAN No

13 Answers   FedEx, PM Enterprises,

How to Prepare Balance Sheet for Annual Tax Assessment. Do You Have any Format, Please send on (Pankajica15@gmail.com)

0 Answers  

for whom it is paid? what is the percentage for thta

0 Answers  

what is the interest of late deposit(one day) of service tax for Rs 1000/-(including cess+e.cess).please let me clear also the how much days of interest will be be calculated for one day late deposit.

7 Answers