Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / 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.
| Is This Answer Correct ? | 0 Yes | 2 No |
Post New Answer View All Answers
How many heads are there under total income?
What is the difference between the excise duty and the sales tax?
Can we use ST-38 outward form for a sale of Rs-100000/- with in the state i.e haryana
Hi, I need the clarification in Tax Rate in Karnataka for Frozen foods like Paratha, Briyani, Pasta's Please share the information for me
i want about TDS full details with Limit,Rate and Entry in Tally ?
what is WCT rate in chhattisgarh
please share fy 2017-18 salary tds auto matic excel utility
due date for issue of C form, if c form is not issue what will be the consequences
ER-5 & ER- 7 ER -4 related all information 1) What Fill The ER-5 & ER- 7 ER -4 2) What Infomation Fill In the return
AS PER VAT AUDIT WE HAVE REFUND OF RS.25000/- ON PURCHASE OF FIXED ASSETS WHICH WE DID NOT CLAIM LAST YEAR, NOW WHAT ENTRY SHOULD WE PASS IN BOOK. ITS URGENT
in gujarat. whether Vat is applicable if H form issue ?
We need to know is their any govt notification for VAT & Service both applicable for one item or single invoices
i want to learn income tax work please tell me about all dedutions exempations and income detail...how to calculate tax on net income
A person somehow gets hold of an extraordinary rare bird, keeps it as a pet for two years and then sells it off. Will related profit be taxable as capital gain?
Please some one tell me what is the VAT or WCT rate for works contract at Tripura
