Calcuation of VAT Credit
This query is : Resolved
Murtaza I Bhagat
(Querist)
02 November 2009
Pls Tell me Calculation of VAT Credit
I have to Know if I am receiving Cement @ 12.50 + 2.50 VAT & I saled Cement with the Profit of 5% to Local Unregistered Person or any person who does not use Cement for Business Perpose but in Personal use.
So If Tax Calculation is made. what we have to Calculation Suppose... Rs. 1500/- is Purchase VAT on 10000/- and When I sale by Retail Invoice Rs.9000/- without including VAT on it.
So when We Calculation VAT Payable/Credit
Rs. 1500/- Purchase VAT
Rs. 1350/- Sales VAT (Retail
Invoice)******* (is it right?)
Rs. 150/- VAT Credit/Carried Forward
Pls Explain me
Thanks in advance
I have to Know if I am receiving Cement @ 12.50 + 2.50 VAT & I saled Cement with the Profit of 5% to Local Unregistered Person or any person who does not use Cement for Business Perpose but in Personal use.
So If Tax Calculation is made. what we have to Calculation Suppose... Rs. 1500/- is Purchase VAT on 10000/- and When I sale by Retail Invoice Rs.9000/- without including VAT on it.
So when We Calculation VAT Payable/Credit
Rs. 1500/- Purchase VAT
Rs. 1350/- Sales VAT (Retail
Invoice)******* (is it right?)
Rs. 150/- VAT Credit/Carried Forward
Pls Explain me
Thanks in advance
Vishnu Saboo
(Expert)
06 November 2009
want to say that you have sold materail of 9000/- out of your purchases of 10000/-?
Murtaza I Bhagat
(Querist)
10 November 2009
yes
I want to Consider this matter thats why ?
Pls reply with details once again
I want to Consider this matter thats why ?
Pls reply with details once again
Murtaza I Bhagat
(Querist)
10 November 2009
yes
I want to Consider this matter thats why ?
Pls reply with details once again
I want to Consider this matter thats why ?
Pls reply with details once again
Murtaza I Bhagat
(Querist)
20 November 2009
Dear Experts,
Pls guide me in this matter
thanks in advance
Pls guide me in this matter
thanks in advance
Dhirajlal Rambhia
(Expert)
03 July 2023
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