VAT

hey on the invoice if it is written like this than credit is available

net amount        100

vat @ 12.5%         12.5

total                      112.5

or IF is written like this directly

total                         112.5

THEN IT IS CONSIDERED RD PURCHASE WHICH IS NOT ELIGIBLE FOR SET OFF

 Hello sale tax consultants/Lawyers,

                                                             I want to know if  goods (chemicals) imported from foriegn country & sold in maharashtra & outside will they be taxable in mvat & cst   &  for any  of your answer may i get the clause no

NO It is not permissable if written like that

Under VAT, a dealer has to seperately mention the amount of Tax in invoices.

So, it is not permissible to include the amount of tax in total value.

Further, I don't understand the logic behind this. He may use another better option to issue a retail invoice and the vat credit will not be available to the purchaser.......