please tell me procedure how to calculate vat if we got vat
credit?

Answer Posted / cashailendramishra

Following would be the procedure
Suppose we have Rs. 500 under VAt output A/c . Input
credit available with us is Rs. 100 Actal amount to be paid
woud be-
Vat on Output 500
Less Input Credit 100
Balance to pay 400

Is This Answer Correct ?    10 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

the TDS rates and Income rates are equal in calculation of the salary and please send the IT slab rates for the employees and comapnies.

1647


where is applicable WCT & what is limitation for applicable it on company.

1397


what is rate of different service tax in haryana

1326


What do you understand by dissolution of firm?

646


what should be the research and methodology of business taxation?

1621






What is process CST & Custom Duty Handle in tally Erp 9, with example.

1290


what was the rate of duty i have to pay if i want to import 1) lubricants(engine oil, etc) 2) grease 3) v-belts(rubber belts used in machines, cars, etc)

1613


what is the objective of business taxation in private company?

2108


What's format of CMO & CMA Data?

2237


how to calculate tax for the income earners

1632


what is the procedure for Excisable goods transfer from Head office to branch and vice versa (the branch is located in the same state) also if the branch is located in other states. How will it affect the VAT returns

2980


#IS IT NECESSARY TO COLLECT T.C.S ON EVERY POINT OF SALE# THAT IS IF MANUFACTURER SOLD ANY OTHER FOREST PRODUCE NOT BEING TENDU LEAVES (T.C.S @ 2.5%)TO TRADER,IS IT NECESSARY FOR TRADER TO DEDUCT T.C.S.MANUFACTURER ALREADY CHARGED T.C.S TO TRADER & ISSUED TO TRADER 27-D FORM.WAITING FOR CLEAR CUT REPLY

1552


Define FBT with example & how it can be calculate ?

1109


WHAT IS THE BANK RECONSILATION, WHAT THE FORMAT OF IT

1733


Who is to paid income tax and what is the procedure of filling income tax return?

1546