WE ARE THE DEALER WE PURCHASE MATERIAL WITH VAT & USE THE
SAME FOR LABOUR CHARGES + FINISHED GOODS BUSINESS &
BUSINESS SHARE OF THE SAME IS 85:15, CLEAR ME CAN I TAKE
FULL ADVANTAGE OF VAT CREDIT AGAINST MY VAT LIABILITY
- 3 Answers
- 3788 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / sharad nisal
i am not agree with the answer posted by mr amar nayak,
please provide me any provision / section which is clearing
the fact, as if i purchase material with vat of rs 100000 &
used a part of 15% from that for finished product then how
can i get the credit of 100% vat against my vat liability
say as purchase 100000 vat comes 12500 (@ 12.5%) & i sold
material value of rs 50000 on that vat liability is rs 6125
(@ 12.5%) can i adjust full amt of liability against the vat
paid on purchases?
| Is This Answer Correct ? | 2 Yes | 0 No |
What is meant by asset clearance . how should i make my entries in tally
What extra accounts and legal formalities are maintened In excise firm other then normal saling firm.? also tell me tax aspect in Excise firm?
what is Procedure of Bank Reconciliation?
Hi, Please guide me in the TDS calculation. I know the slabs.But I dont have much idea about the deduction part.What is the need of Bsic and HRA while calculating TDS.Also I heard that LIC, Rent etc is excempted from TDS.Please guide me...my email id is tinjusyriac@gmail.com Thanks in advance..
what is GST and how it work
hi which form issue again ogs purches & sales ? which is the tax rat we issue c form?it's cst3% is avelabe to issue the c-form?
What is the Rate of Service tax for Short term accommodation services & Restaurant Services ?
Can Guradians (other than parents) be dependents and can we get exemption on them at Taxation part like Medical, LTA and Sec 80DD? Pls Comment.?
tds deduction all categries details
When a company sold the material to is customer which is at another state under Form-C his bill was pertaining to first quarter but the customer received in second quarter. The customer will issue Form-C as per Invoice date or Material Received date.
what is the mean of payment of contract,subcontract and professional charges
We are SSI unit. Is there any procedure for the cancellation of excise invoice for excise department?
Audit 
