Vat

596 views 6 replies

sagar.wankhade@gmail.com

29 Points Joined February 2011

When I Purchase from other state against C-form. What tax i have to pay in Maharastra.For Ex. I purchase a item 100 + 2 % i.e.102 I sold this item120 what,ll my total tax paid. I am Talking about Chips and Numkeen Suppose I Am purchasing it from Gujrat I am in Maharastra That company gives me bill with 5 % advance tax ( which is refund to me when I pay tax and give them Chalan ) in numkeen and chips vat is 12.5 % now it is 13.5% The company says I have to Pay only 5%, is it ok ? or I have to pay 12.5% ?

Replies (6)

Pankaj Arora

Learner

3134 Points Joined September 2009

You did not disclose full detail in your question do u sale this item including vat or excluding vat? You have to find out your tax liability as follow

Ouput Vat – input Vat = Vat Payable If its negative figure that means vat refundable.

Guest

Originally posted by : Pankaj Arora
	You did not disclose full detail in your question do u sale this item including vat or excluding vat? You have to find out your tax liability as follow Ouput Vat – input Vat = Vat Payable If its negative figure that means vat refundable.

Guest

Originally posted by : Pankaj Arora
	You did not disclose full detail in your question do u sale this item including vat or excluding vat? You have to find out your tax liability as follow Ouput Vat – input Vat = Vat Payable If its negative figure that means vat refundable.

U S Sharma

glidor@gmail.com

21068 Points Joined January 2010

you are taking the goods from principal on MRP basis including taxes, right? and company reimburse you the commission and taxes paid on the products.

you have to negotiate with the company on this issue, as they have decided to pay 5% only out of the total payout, means the balance 8.5% will get leaked from your pocket.

sagar.wankhade@gmail.com

29 Points Joined February 2011

No sir. Actualy I am taking Distribution ( For District) Componey will bill me with 5 % advance tax. against C-Form. When I pay tax hear in Maharastra . As per componey tax is 5 % but hear in maharastra as per my knolage tax on potato chips and numkeen is 12.5 % . i.e. I have to charge in bill 12.5 % hear in maharastra or 4 % ?