punjab vat -ve ITC

Save Share

This query is : Resolved

pinky (Querist)

15 September 2009 hi ,its urgent plz rpl.
punjab mai mr.A ne apne ctv manufacturer se ctv purchase karne h ye ctv manufacturer pahle exempt tha tax se lakin
notification ane ke baad ab ye mr.A se 3.5%tax charge karega.mr.a ko ye ctv aage sale karne h jinehe vo phele hi commit kar chuke they ki hum tumhe bina tax ke beche gai ie. only apna profit charge karegai. to kya is case mai mr.A apne customers ko tax laga ke sale kare ya purane vale committment price par.aur agar purne vale commitmentie.( bina tax ke ) ke hisab se beche gai to kya hum -ve ITC claim kar sakte hai. plzzz plzzz rpl m wating plzzzzzzzzzzz.thanks in advance

CA.Tarun Maheshwari

CA.Tarun Maheshwari (Expert)

16 September 2009 You should charge the tax amount frm the customer. Agar aap bina tax laga kar ctv doge to aapko apni pocket se tax jamaa karwana padega. You can not claim negative VAT. Customer se charge karna jyada achchaa hai. Use apni problem bata do.

pinky

pinky (Querist)

17 September 2009 thanx a lot sir

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now