vat tax amout
This query is : Resolved
19 January 2011
what is amount payable as vat txa?
diffrence between amount of vat on purchase and sale is payable or what?
what happen if amount of vat on purchase is more and second if amout of vat on sale is more?
diffrence between amount of vat on purchase and sale is payable or what?
what happen if amount of vat on purchase is more and second if amout of vat on sale is more?
19 January 2011
Vat on purchase is claimable as a set off from vat on sales
Vat on Sale is Payable to govt.
If Vat on Purchase is more than Vat on sale, there is excess credit which can be carried forward to subsequent period for set-off.
Vat on Sale is Payable to govt.
If Vat on Purchase is more than Vat on sale, there is excess credit which can be carried forward to subsequent period for set-off.
Message likes :
1 times
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- TAN for Partnership
- GST ON DAMAGED GOODS
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- LTCG for Assmt year 26-27
- Treatment of Pension ?annuity returns on PMVY
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
