purchase of capital goods=Rs 100000,vat paid(not included in purchase price)=Rs 10000
A)assesse is registered dealer
B)assesse is a company
1.sale price of said capital good=RS 150000
2.Sale price of the capital good=RS 70000
is input tax credit available in this case??please compute the vat liability for Case A and B.
Mr Aditya,
It is available in both cases. In the first case an output tax of Rs 5000/- is payable and in the second case a refund of Rs 3000/- arises........mjk
ADY & CO.
New Delhi
Graduate (Any)
View Details
Abic and Mani Chartered Accountants
Kottayam
B.Com
View Details
Krea University
Chennai
CA
View Details
RMA And Associates LLP
New Delhi
CA Inter
View Details
Goodwin Pumps India Pvt Ltd
Chengalpattu
CA Inter
View Details
CCI
Pro
CAclubindia
