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VAT ON TAX FREE GOODS

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 January 2011 SIR,

IN THE COMPANY WE PURCHASES TAXABLE GOODS 10000.00 RS. TAX 400.00 4% USE FOR FINISHED GOODS ALL FINISH GOOD SALE TAX FREE. PL TELL ME WHAT IS STATUS OF INPUT TAX & HOW MANY RS. PAY FOR TAX IF OUR OUTPUT TAX 0.00

THANX IN ADVANCE

SUSHIL SHARMA
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
06 January 2011 Input tax to be paid fully, and It is not refundable.
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