Input tax on vat
This query is : Resolved
01 October 2014
I calculated tax 50000 for month of aug 14 , input vat 55000, m/o- Aug14 i am not tax deposit bec input tax ecess 5000.but m/o- sep14 tax calculate 40000,
my question is input tax 5000 adjust or not m/o- sep 14
what is the tax deposit in m/o- Sep 14 (40000-5000=35000) it is right or wrong.
mujhe 35000 tax deposit karana hoga ya 40000 jo sep month ka pura tax banata hai input tax next month adjust hoga ya nahi plz hel me bec mujhe this month tax deposit karana hai plz plz plz help
I calculated tax 50000 for month of aug 14 , input vat 55000, m/o- Aug14 i am not tax deposit bec input tax ecess 5000.but m/o- sep14 tax calculate 40000,
my question is input tax 5000 adjust or not m/o- sep 14
what is the tax deposit in m/o- Sep 14 (40000-5000=35000) it is right or wrong.
mujhe 35000 tax deposit karana hoga ya 40000 jo sep month ka pura tax banata hai input tax next month adjust hoga ya nahi plz hel me bec mujhe this month tax deposit karana hai plz plz plz help
CA Parul Saxena
(Expert)
01 October 2014
ofcourse input can be adjusted for the next month also.You have to deposit Rs.35000
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