Itc reduce 2%
This query is : Resolved
07 August 2015
Dear Sir,
How to reduce cst itc 2 % exp. on vat.
suppose i sales in outstate 200000 so cst 2% is 4000/-
then we purchase from local 500000 so vat is 25000/-
we have credit vat already 500000. so how to calculate
cst itc reduce 2 % exp
How to reduce cst itc 2 % exp. on vat.
suppose i sales in outstate 200000 so cst 2% is 4000/-
then we purchase from local 500000 so vat is 25000/-
we have credit vat already 500000. so how to calculate
cst itc reduce 2 % exp
07 August 2015
At the outset CST can not be claimed as ITC.
If you allowed to take VAT credit ON Local purchase would be better in view of transportation cost, if you are not eligible to take vat credit , compare the landed cost then decide.
If you allowed to take VAT credit ON Local purchase would be better in view of transportation cost, if you are not eligible to take vat credit , compare the landed cost then decide.
Message likes :
1 times
07 August 2015
tnx for fast rpl sir,
But my outstate sales is 1593844 cst 2 % 31879
local purchase of assesable amount is 5015583 and on vat 268148..
cst 2 % itc reduce 24108. how calculate that ?
But my outstate sales is 1593844 cst 2 % 31879
local purchase of assesable amount is 5015583 and on vat 268148..
cst 2 % itc reduce 24108. how calculate that ?
08 August 2015
what is vat fuel exp. plz explain it. and how many percentage ?
08 August 2015
what is vat fuel exp. plz explain it. and how many percentage and how to calculate ?
02 August 2024
https://docs.google.com/document/d/1dWtix9rU-gN7SXLPO-3biPgaSJoXVteshr5eOgdBVNM/edit?usp=sharing
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Rent lease agreement
- Relief u/s Section 89
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Agriculture income or business income
- Supply through E-commerce Operators
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
