Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / 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.
| Is This Answer Correct ? | 8 Yes | 1 No |
Post New Answer View All Answers
when i send goods out side the state against c form from gujarat to bombay which forms will have to required, where i get it & what process of to get it , please give me the answer on my e.mail sonidilip87@yahoo.com
What is the procedure to intimate Change Name of Business in maharashtra Vat Act, which form to be fill.
M paying salary of Rs. 22500/-, 21500/- & 17500/- to my employees, frm June 2010. I still have not deduct TDS from their salary. I have not applied for TAN No. M also paying rent of Rs. 50,000/- pm. And also have not deducted TDS on it. What should I do now?
Define the term person?
the TDS rates and Income rates are equal in calculation of the salary and please send the IT slab rates for the employees and comapnies.
IF MATERIAL TRFD. TO OTHER STATE BRANCH AS STOCK TRFD. IN FEBRUARY AND MATERIAL IS RECEIVED BY BRANCH IN THE M/O MARCH. THAN SHOULD WE ISUE A SEPARATE F FORM FOR THE M/O FEBRUARY AND MARCH
how to calculate service tax on tds
Dear sir, mu question is that can one lunch (Tiffin) provider person mention both vat or service tax on his bill. pls. give me answer. EXPLAIN BRIEFLY.
Rules for filling Income Tax return for a domestic manufacturing company.
what is the scope of business taxation in private company?
Is wct charged on firm or proprietors ?
Calculate debtors at the end of the year? debtors-50000, bad debts-2000, discount allowed-1000, 5% on bad debt, 2% discount allowed?
which purchases is profitable for us a building material purchases from direct of contactor ?
Hi, I am a VAT/CST dealer in Pune. I had got a work contract with other AP state government. can i purchase material in AP state on 2% CST on issuing 'C' form and supply the same material to the AP state government on VAT /CST 5%. As the government departments are not issuing 'D' forms. please guide.
what is the difference between tds tax code and tds tax type in sap fi
