WE ARE THE DEALER WE PURCHASE MATERIAL WITH VAT & USE THE
SAME FOR LABOUR CHARGES + FINISHED GOODS BUSINESS &
BUSINESS SHARE OF THE SAME IS 85:15, CLEAR ME CAN I TAKE
FULL ADVANTAGE OF VAT CREDIT AGAINST MY VAT LIABILITY
Answers were Sorted based on User's Feedback
Answer / sharad nisal
i am not agree with the answer posted by mr amar nayak,
please provide me any provision / section which is clearing
the fact, as if i purchase material with vat of rs 100000 &
used a part of 15% from that for finished product then how
can i get the credit of 100% vat against my vat liability
say as purchase 100000 vat comes 12500 (@ 12.5%) & i sold
material value of rs 50000 on that vat liability is rs 6125
(@ 12.5%) can i adjust full amt of liability against the vat
paid on purchases?
Is This Answer Correct ? | 2 Yes | 0 No |
What is FBT & Service Tax Remittances?
0 Answers Complete Business Solutions, ITP, SAG,
what is out put sale tax and in put sale tax?
What is the limitation of loan given from one private company to other proprietors company, if any restirction is there. Please explain and how it affect income tax point of view?
If I am purchasing an equipment from Noida for my Agriculture farm in Andhra Pradesh in my individual name, then "Way Bill" or any other form other than invoice is required?
top ten excise rules????
1 Answers Ashok Iron Works, Samsung,
what indirect tax and in that whats include
What is the rate of CST without any form on Poplpropelene yarn to be sold out of Uttarakhand
HOW TO CALCULATE MY EPF INTEREST? IF I HAVE JOINED TO A COMPANY ON 1ST FEB'08'& RESIGNED ON 31ST DEC'09', THEN WHAT WOULD BE MY EPF INTEREST? MY BASIC IS RS.7500/-PER MONTH? STATE BRIEFLY
4 Answers Khalsa Tubes, Reliance,
Procedure for of c-form lost
2 Answers Philips, Silver Line Floors,
Q.No.1) I paid Salary to our staff after deduction TDS. what is the journal entry pass at that time of payment of salary only, and then at the time of payment of tds. and the last date for payment of TDS Q.No.2) Suppose I paid Salary In advance due to that officer is take business tour at the end of the month in after deducting TDS. Now What is the journal entry Salary Advance & Payment of TDS. and when i will pay TDS for This Situation. Kindly Help me
What is TDS,rate od TDS and who is liable for TDS?
What is diff between Sales Tax