Please explain briefly about the treatment of MRP Based Sales and Purchase under VAT............................,
3 Replies
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 22 June 2011
sale will be taken as including vat
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 22 June 2011
if in purchase bill vat is separately mentioned than ok othervise it would also be taken as inclusive vat.
rectify me if i am wrong
Ashwin
(Properitor)
(22 Points)
Replied 22 June 2011
Dear Sir,
My name is Ashwin and I had opened a computer sales and service concern in Taramani area.
So far I didn't make any sales.
I am going to apply for TIN and CST registration as soon as possible for that i need the office in which i have to apply for taramani region.
Another main doubt is before applying for TIN and CST is it possible for me to make sales.
Shall i purchase from some other dealer and sell it to consumers. If so what is the procedure ie, I can give the customer invoice without tax or with tax.
Kindly advice me regarding this. I am new to this one.
Awaiting for your reply.
Thanks
Ashwin
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