Vat

Dear Sir

 

we are Automobile dealers at salem tamilnadu .We are purchasing vehicles from chennai depot of

 

our principle and take an input tax credit of 14.5% on purchase price.

 

we are selling this vehicles to customers under sale rate of vat 14.5%.

 

we are also selling this vehicles to solid waste management tamilnadu corporations and police 

departments while selling to govt depts the rate of tax is  5%  .Govt order is there.

 

but our cto asking taking input 14.5% and sale value vat is 5% is not right .

 

Please clarify sir our company email id is kmplslm @ yahoo.co.in

Replies (1)

you prepare 2 Bill one for submitting to Govt dept. as per order supplied ehich includes VAT @ 5% and another bill for your accounts record in which VAT rate @ 14.5%. Condition: Total Bill amount cannot be changed, only your profilt margin is changed.

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