VAT EXEMPTION
This query is : Resolved
28 April 2008
What is the Rule of "Vat Exempted Vide Schedule A, Serial No. 45 "
Suppose A purchase material from X party of Rs, 20,000 Vat Rate Nil under above rule .
Than
If Mr. A is sale the above material @ Rs. 22000 than what amount Mr. A will charge VAT in his Sales Invoice . or wheather he is also charge Nil Vate Rate .
Suppose A purchase material from X party of Rs, 20,000 Vat Rate Nil under above rule .
Than
If Mr. A is sale the above material @ Rs. 22000 than what amount Mr. A will charge VAT in his Sales Invoice . or wheather he is also charge Nil Vate Rate .
28 April 2008
if your goods are under schedule A then there is no vat tax liability your purchases are nil tax liability then sales are also nil tax liability that is tax free goods
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Regarding TDS Applicability For Director Remuneration
- Annual return in Gst
- Value of property in capital gain
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- 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
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
