Is the purchase through retail invoice is taxable?????
This query is : Resolved
30 November 2011
when v purchase through retail invoice, are we liable to pay vat ???
And if yes, it is allowable to take input tax credit ???
And when we doing e-filling why we only disclose tax invoice purchase or sales???
And if yes, it is allowable to take input tax credit ???
And when we doing e-filling why we only disclose tax invoice purchase or sales???
30 November 2011
Mr Taslim,
All purchases are to be done through tax invoices, even the retail purchases,by paying VAT.Yes,input tax credit is allowable on retail purchases,subject to some conditions as set out in VAT laws.In e-filing also you have to declare both i.e.purchases against tax invoices and others viz:imports,interstate purchases and from unregistered dealers and also stock transfer receipts of goods.A dealer selling taxable goods should issue taxable invoices and collect VAT as per rules.
MJK
All purchases are to be done through tax invoices, even the retail purchases,by paying VAT.Yes,input tax credit is allowable on retail purchases,subject to some conditions as set out in VAT laws.In e-filing also you have to declare both i.e.purchases against tax invoices and others viz:imports,interstate purchases and from unregistered dealers and also stock transfer receipts of goods.A dealer selling taxable goods should issue taxable invoices and collect VAT as per rules.
MJK
30 November 2011
What is meant by undertaking???
What is the difference between URD & OGS???
What is the difference between URD & OGS???
30 November 2011
Mr. Taslim,
An undertaking is an organisation engaged in a business or financial activity.
URD means unregistereed dealer.OGS Don't Know.
MJK
An undertaking is an organisation engaged in a business or financial activity.
URD means unregistereed dealer.OGS Don't Know.
MJK
30 November 2011
So, Are OGS & CST 2 different things???
n sir if u don't mine, i m miss Taslim nt Mr. Taslim
n sir if u don't mine, i m miss Taslim nt Mr. Taslim
30 November 2011
Is there any criteria when undertaking is applicable???
01 December 2011
OGS purchase and sales means???
And is there any change in stipend???
CST purchase and sales means???
And is there any change in stipend???
CST purchase and sales means???
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