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purchase tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 November 2009 what is the method of calculating the purchae tax and thier itc .
can itc of purchase tax setoff with out put tax
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
04 November 2009 no ned to calculate input tax credit. its mentioned in your local purchase bill.

total all input tax credit by tally or other software and adjust with output vat/cst libility.and balance to be deposit by bank to govt/vat department.

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