Mvat payment
This query is : Resolved
07 March 2012
i am a civil supplier i have purchase a plumbing material from unregistered dealer and he didn't given me invoice of that transaction but i have already sale that material to my client so that i have query about my vat. how much vat i should be payable to govt the generated bill will be approx 300000/-
07 March 2012
IF 10% VAT ON THAT COMMODITY AND BILL IS INCLUSIVE OF TAX THAN CALCULATION WILL BE (300000*10)/(110)WHICH WILL COME TO 27270 APPROXIMATELY. SO CHECK VAT RATE AND CALCULATE AS PER ABOVE. AND YOU WILL NOT GET CREDIT FOR PURCHASE FROM UNREGISTERED DEALER.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Inventory of finished goods
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- GST Regis.
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Disallowance of Section 43B(h) to sez units
- Confusion around Form 26QB fields
- Tds on building rent monthly
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- RCM INVOICING FROM NOV-2024
- As per schedule III of balance sheet how to pass journal entry
- Is correct way to find out capital of individual on 31st March
- Individual capital equal to which assets of balance sheet
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
