What is the procisure of sales tax return if i want to file
return what i do .
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Answer / yuva
first you prepare purchase & return and sales report
for that particular month then calulate the input from
purchase and calculate the output from sales. Next reverse
credit ( purchase return & sales return) reverse credit
will be deducted from input amount then only we can get the
net input and sales return credit deducted from 0utput and
calculate stock transfer to inter branch
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Answer / inder monga
first you calculate the amount of sale tax(output vat) on net sales(gross sale-sale return)
then calculate input vat on net purchase (gross purchase-purchase return)
deduct input vat from output vat. & check if any additional discount allowed to customer the amount of tax calculate on additional dis.
payable tax=output tax-input tax-tax calculate on additional dis.
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Answer / sushil
this is not complecate it's to easy you can file sales tax
return in form.10 nessary file return every quater before
15th of the same quater.
firstly enclosed list of above 25000/- purcahse from
supplier of the same quater.with TIN no.justify that how
much credit of vat you have or pay sales of the same quater
according of purchase or sales
| Is This Answer Correct ? | 1 Yes | 7 No |
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4 Answers EXL, Greet Technologies, MCC,
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