VAT FOR MEDICINE REATILER - MAHARASHTRA
This query is : Resolved
Rakesh Jain
(Querist)
09 July 2008
I RECENTLY GOT A NEW CLIENT - A MEDICINE CUM GENERAL RETAILER. HE IS UNDER COMPOSITION
MY QUERY IS REGARDING HOW TO PAY TAX
EG: TOTAL SALES 7 LAKHS (2 LAKHS GENERAL SALES)
TOTAL PURCHASES 6 LAKHS (1.5 LAKHS GENERAL PURCHASES)
WAT WOULD BE THE TAX RATE & WOULD MEDICINE SALES BE EXEMPT. HOW DO I SHOWN IN VAT RETURNS?
MY QUERY IS REGARDING HOW TO PAY TAX
EG: TOTAL SALES 7 LAKHS (2 LAKHS GENERAL SALES)
TOTAL PURCHASES 6 LAKHS (1.5 LAKHS GENERAL PURCHASES)
WAT WOULD BE THE TAX RATE & WOULD MEDICINE SALES BE EXEMPT. HOW DO I SHOWN IN VAT RETURNS?
CA Hemant T Dewani
(Expert)
09 July 2008
if your clients, 4% purchases are more than 50% then you will pay tax @ 5% oterwise you will liable for 8%
Rakesh Jain
(Querist)
09 July 2008
THANKS MR HEMANT
ALSO I THINK I WOULD LIKE TO KNOW, WAT ABOUT MEDICINE SALES (WILL I HAVE TO PAY 8% ON THAT ALSO)
PLS REPLY URGENTLY
ALSO I THINK I WOULD LIKE TO KNOW, WAT ABOUT MEDICINE SALES (WILL I HAVE TO PAY 8% ON THAT ALSO)
PLS REPLY URGENTLY
Rakesh Jain
(Querist)
12 July 2008
Pls reply
Its urgent
Its urgent
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