VAT FOR MEDICINE REATILER - MAHARASHTRA
This query is : Resolved
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?
09 July 2008
if your clients, 4% purchases are more than 50% then you will pay tax @ 5% oterwise you will liable for 8%
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
12 July 2008
Pls reply
Its urgent
Its urgent
17 June 2023
"Sorry, I am not a featured member."
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
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
- Gst on travel by air for business purposes
- CLOSING STOCK QUERY
- Requirement under FEMA &RBI
- F&O reporting in ITR
- Taxation on Old jewellery sold
- Loss of interest in PF transfer from EPFO to Trust
- Short Term Gain Reporting ITR
- Query regarding reporting of exempt foreign remuneration in ITR
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- U/S 194 T
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
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
