Interested to Buy Any Domain ? << Click Here >> for more details...
what is vat ? due date for pymt ? return forms ? how input
credit taken ?
- 7 Answers
- 43238 Views
- I also Faced
- E-Mail Answers
Answer Posted / tusar ranjan nayak
Vat is a tax where levi added on the product in every stage
of distribution.Means its a multipoint tax, where Input tax
is the Recivable & Out put tax is the paybale.suppose u
purchase an article of Rs 1000/- & pay 4% tax means 40/-
The 40 rupees you pay will be your Input tax and when u
sale that on Rs1600/- & collect 4% tax 64/- that 64 Rs will
be your Out put tax. so now u have to calculate vat payable
output tax - input tax = 64 - 40 = 24 will you have to pay
to Govt.Retunrn forms are Vat-201.
| Is This Answer Correct ? | 29 Yes | 3 No |
Post New Answer View All Answers
What is tha Central sales tax rate 2010 in andhrapradesh
The value of the tax invoice is lesser than the value on the state permit. Is this acceptable.
in gujarat. whether Vat is applicable if H form issue ?
Daily announced price of Gold. this price is included vat ya without vat. pls give me solution.
Is there any criteria for percentage define of TDS rates? and What is the major advantage of introducing DTC and GST by Central Govt?
If a person got gold by wining a lottery and TDS on the gold value was not deducted by the deductor. After getting the gold, the person tranfer the gold to his daughter. After reading the provisions of the Income Tax Act, 1961, you are required to state that who is liable to pay the tax on the value of the gold? and is there any liability of the Deductor towards non-deduction of TDS?
What doyou mean by assesment order? and for what purpose it will be passed?
IF a vendors charges WCT @8.75% what is the rate of TDs to be deducted against that? & can we take the Input of it?
what is period VAT revised return can be filed?
WE purchase Firewell for our office Rs.26500/- the vendor charge 5% vat on 26500=1325 and S.Tax 14.5% on 26500/- =3843 is it is possible please clarify
We have wrongly used road permit of other party in consignment to kolkatta.The road permit used is the party from Kolkatta.How to resolve the issue ??
what data require for liability calculation under work contract tax composition scheme and regular method.
WHEN I 1ST TIME VAT E-RETURN FILLING WHAT IS THE REQUIREMENT & HOW FOOL FILL THE REQUIRMENT , HOW I GET C FORM THROW VAT E-RETURN FILLING FOR THIS WHAT STEPS NEED FOR ANY REGESTRATION TO GET ID & PASSWORD IF ELSE , PLEASE GIVE ME THE ANSWER ON MY E.MAIL sonidilip87@yahoo.com
My Total CTC is 12500(not gross salary), i am living in Mysore(non-metropoliton city) what will be the take home salary after deduction? thanks in advance.
How can a taxpayer get a refund for an overpayment of taxes?
