Dear Members
Kindly advice on
Q. Whether VAT is applicable on charges levied under Right to use agreements between group companies.
Regards
Renu
CS
8 Replies
SAMEER
(CHARTERED ACCOUNTANT)
(304 Points)
Replied 04 October 2007
largely Yes because the definition of sale and sale price includes compensation for right to use in almost every state however there is provisions of input tax rebate in some of the states
Ajay Raj
(Accountant)
(23 Points)
Replied 01 November 2007
Dear Member
Plz advice me how to calculate vat in delhi and if u have calculation of vat in exel format then plz send it at my id ajaykumarraj @ gmail.com
Ajay Jain
(Advocate)
(83 Points)
Replied 05 November 2007
YES
kindly see definition of sale in CST
AND CLUSE VI UNDER DVAT
kindly see definition of sale in CST
AND CLUSE VI UNDER DVAT
Sam S Daniel
(Servuice)
(48 Points)
Replied 13 February 2009
| Originally posted by :K Renu | ||
| " |
Dear Members MBA
|
" |
TR Nagaraja
(Consultant)
(209 Points)
Replied 13 February 2009
VAT NOT APPLICABLE TO FUND RECEIVED FORM ABROAD
TR Nagaraja
(Consultant)
(209 Points)
Replied 13 February 2009
| Originally posted by :Guest | ||
| " | Sir.i want to know How the adustment of VAT on Sale & purchase is done in the ledger Accounts. | " |
JUST Credit what ever amount of tax collected from u r bill in duties and tax head -For Sales
and just debit what ever maount of tax paid on purchases bllls in duties and tax head-Differenct amount is tax or refund
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