Mvat payment

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rahul agashe (Querist)
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07 March 2012 i am a civil supplier i have purchase a plumbing material from unregistered dealer and he didn't given me invoice of that transaction but i have already sale that material to my client so that i have query about my vat. how much vat i should be payable to govt the generated bill will be approx 300000/-

jaimin shah

jaimin shah (Expert)
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07 March 2012 IF 10% VAT ON THAT COMMODITY AND BILL IS INCLUSIVE OF TAX THAN CALCULATION WILL BE (300000*10)/(110)WHICH WILL COME TO 27270 APPROXIMATELY. SO CHECK VAT RATE AND CALCULATE AS PER ABOVE. AND YOU WILL NOT GET CREDIT FOR PURCHASE FROM UNREGISTERED DEALER.

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