VAT CST ADJUSTMENT

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..... VAT CST ADJUSTMENT
Query (Issue) Started By: - Sajid Ahmed Dated:- 14-6-2014 Last Reply Date:- 15-6-2014 VAT + CST
Got 1 Reply
VAT / Sales Tax
Please solve this, how much tax to be payab .....

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..... le: Purchase from URD for Rs.5,00,000 Purchase from RD for Rs.1,00,000 Sales against C Form for Rs.10,00,000 Sales VAT 14.5 percent for Rs.1,00,000 Exempted Sales for Rs.50,000 Please guide how .....

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..... to calculate ITC and tax payable. Reply By Pradeep Khatri: The Reply: You would have to pay tax on Rs. 50000/- as these are exempted sales and you can avail the Input tax credit on purchase from RD p .....

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..... rovided purchases from URD is used in manufacturing of finished goods are sold on payment of VAT/CST.
Discussion Forum - Knowledge Sharing .....

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