Plese work out our ITC Or Payble Vat
| Vat | Value | Tax | ITC | |
| Purchase Local | 4% | 1000000 | 40000 | 40000 |
| Purchase Local | 12.50% | 500000 | 62500 | 62500 |
| Purchase(CST) | 4% | 500000 | 20000 | 0 |
| ITC | 102500 | |||
| Sales (Local) | 4% | 1200000 | 48000 | 48000 |
| Sales (Local) | 12.50% | 300000 | 37500 | 37500 |
| Stock Transfer | 0 | 50000 | 0 | 0 |
| PAYBLE | 85500 | |||
| NET ITC | 17000 | |||
| SALES(CST) | 4% | 400000 | 16000 | 16000 |
| SALES(CST) | 12% | 50000 | 6000 | 6000 |
| NET PAY | 22000 | |||
CAclubindia
