Vat Doubt

But its no full rounded off to Rs.215. and I was right to saying that it will rs.212.00 but its rs.213.00

Hi, The reply is basic value of invoice is Rs.170.24, ED & Cess @ 10.30% is Rs.17.54 & VAT @ 14.50% on the transaction value is Rs.27.23. Further, these splitup will not serve any purpose, if the invoice value is inclusive of VAT, you cant avail Input Tax Credit. If the VAT amount amount clearly indicated in the invoice, then we can avail ITC. Hope you have clarified. S. Samynathan.

Cost =Rs 187.77  including of excise duty

Vat =Rs 27.23

Total=Rs 215

I have doubt about  Vat Audit Limit in " Turnover of Sales" . Is Commission Receipt , Service Sales and other thing is included in  Turnover of Sales  for deciding VAT Audit  Limit . Reply

It is very Urgent