Sale less than purchase price
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 October 2015
Dear all,
if I purchase A product on rs. 100
and sold it at rs. 90 , by given trade Discount.
then My input vat is more than Output vat,
In this matter Sales Tax Dept of West Bengal ask us to give the balance output vat including profit margin ?
if I purchase A product on rs. 100
and sold it at rs. 90 , by given trade Discount.
then My input vat is more than Output vat,
In this matter Sales Tax Dept of West Bengal ask us to give the balance output vat including profit margin ?
16 October 2015
You dont need to pay any vat. You may ask refund for the excess input vat
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 October 2015
Actualy We are FMCG distributor of HUL and HUL will refund the Diffrence amount of Loss amount
then we need to Pay any VAT to sales tax dept.
then we need to Pay any VAT to sales tax dept.
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