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