Vat and income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 February 2013
hello sir
i am a ambuja cement agency holder
can you guide me about the tax liability which i have to file both vat and income tax.
and the procedure to file vat and income tax
. i have doubt about the ledger which i receive every month frm ambuja about the monthly transaction and consumption , there vat amount is already added, so do i have 2 again pay the vat , kindly guide me where to pay vat and how to calculate vat on my monthly product , also do i have to pay monthly or yearly ..
i am a ambuja cement agency holder
can you guide me about the tax liability which i have to file both vat and income tax.
and the procedure to file vat and income tax
. i have doubt about the ledger which i receive every month frm ambuja about the monthly transaction and consumption , there vat amount is already added, so do i have 2 again pay the vat , kindly guide me where to pay vat and how to calculate vat on my monthly product , also do i have to pay monthly or yearly ..
18 February 2013
Mr Author,
M/s Ambuja cement are supposed to give their agency to registered dealers under VAT Act. However, now you have to apply for registration to your cocerned LVO(on line) through the web site of department of commercial taxes of your state.After doing that you have to file monthly or qurterly return as per the volume of trade.The tax charged by the cement manufacturer/distributor,is only the input tax.You will again charge vat on you sale pric in the invoices. In the return you have pay the difference of what you have collected and what has beeen paid on purchases. Further details you will get to know from th LVO office.Do business for some time then ask a CA regarding IT..MJK
M/s Ambuja cement are supposed to give their agency to registered dealers under VAT Act. However, now you have to apply for registration to your cocerned LVO(on line) through the web site of department of commercial taxes of your state.After doing that you have to file monthly or qurterly return as per the volume of trade.The tax charged by the cement manufacturer/distributor,is only the input tax.You will again charge vat on you sale pric in the invoices. In the return you have pay the difference of what you have collected and what has beeen paid on purchases. Further details you will get to know from th LVO office.Do business for some time then ask a CA regarding IT..MJK
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
- CG Tax On residential property
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Gift of mutual fund units to daughter
- Under construction property in ITR
- Not able to file ITR
- Building tax payment deduction in rental Income
- Reporting of STCG on Property in ITR
- Upload Level ValidationITR3Category of Defect B/D
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
