Dear All,
Can anybody explain the treatment of URD purchases in Maharastra.
With regards,
Subramanya R
subramanya (Professional) (907 Points)
25 February 2009Dear All,
Can anybody explain the treatment of URD purchases in Maharastra.
With regards,
Subramanya R
CA. Ashok shah
(CHARTERED ACCOUNTANT)
(333 Points)
Replied 26 February 2009
No purchase tax on URD purchases. At the time of its sale, collect VAT at the applicable rate and pay into govt. treasury. No set-off available as no VAT paid on purchases.
subramanya
(Professional)
(907 Points)
Replied 02 March 2009
| Originally posted by :CA. ASHOK SHAH | ||
| " | No purchase tax on URD purchases. At the time of its sale, collect VAT at the applicable rate and pay into govt. treasury. No set-off available as no VAT paid on purchases. | " |
Thank you
jasveer
(sr acountant)
(48 Points)
Replied 01 July 2013
can anybody explain me how to calculate WCT and on which Amt it is calculated.
suppose 100000 is cost of material and labour charge in same bill is 120000, both are charged in single bill, then on which amt WCT will be calculated and on which amt TDS is to be charge.
please reply me
CAclubindia
