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reverse charge /output charge
Rs. 1.5 lakh 18% tax reverse charge unregistered /farmer's purchased Rs. 1 lakh18% output tax sells kitna tax revers Deposited hoga
Replies (4)
If i am correctly considering your Question:
You have unregistered purchase of Rs.1,50,000 on which you will be liable to pay tax @ 18% which amounts to Rs.27000
Now you make a supply of Rs.1,00,000 hence your output liability is Rs18000
But since you have already paid tax on purchase and your credit is Rs.27000 which is enough to adjust your output liability of Rs.18000 hence now no amount is payable
acha mention h apne
Amit ji
amit goes ji rs. 27000.input tax -18000 out tax h balance 9000 next return mai cradit milleyga
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