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Vat calculation for cement retailors (VAT)

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This query is : Open

Author : Anonymous

( Author )
17 June 2012

HELLO SIR ....
I HAVE GIVEN 2ND GROUP IN MAY 2012. SIR MY FATHER IS A ACC CEMENT DEALER.
I WANT UR ADVICE IN THIS RESPECT:
1) SIR MY FATHER RECIEVES EX- FREIGHT BILL FROM COMPANY INCLUDING VAT AND AFTER THAT HE PAYS FREIGHT AND ADD SOME RPOFIT AND SELLS TO CUSTOMERS BUT I FOUNDED THAT HIS ADVOCATE AND CA ARE WRONGLY CALCULATING HIS VAT SINCE IT LEVIED AND THERE IS A LOT OF TAX BURDEN ON HIM ...... I NEED UR ADVICE .. I AM GIVING U A MONTH DETAIL:
MONTH- MAY
BAGS SOLD= 1803 BAGS
COST FROM COMPANY INC. VAT EX. FREIGHT= 296.80 Rs
freight= 31Rs per bag
profit @ 2 Rs per bag pls suggess
the method of vat calculation rate of vat 12.5 + 3 % and

2) what is the difference if TIN CERTIFICATE INCLUDES retailor RATHER THAN WHOLESALER + RETAILER
PLS HELP ME IN THIS CONCERN.....................
THANKING YOU
REGARDS
kanak



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