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Normal scheme

164 views 4 replies

Abhishek jain

10 Points Joined August 2017

Sir jese ki Maina kahi sa goods purchase kiya maina us par 5% GST di ... Aur Mai jab goods sale karuga tab customer par 5% charge karuga to maina Jo 5% liya hai muja milaga ya phir wo bhi govt ko dena Hogan???

Replies (4)

JITENDRA KUMAR SHARMA

ARTICLE

213 Points Joined December 2009

if you registered under gst and earlier VAT then tax liability is = out put tax - input tax

JITENDRA KUMAR SHARMA

ARTICLE

213 Points Joined December 2009

it mean Jo Apne tax goods purchase karte time Diya hai to apki tax liability se adjust ho jayega

CA Akhilesh Kumar Kandpal

Proprietor A K Kandpal & Associates

1442 Points Joined February 2010

simplified example -
you purchased goods for 110...(price =100, gst = 10)
you sold goods to 132.... (price = 120, gst = 12)

now you have to pay government only 2 rs....(12-10)....