STOCK DATA FOR VAT CREDIT - UP

CA. BIJENDER KR. BANSAL (ACA, B.COM) (8148 Points)

23 January 2008  

 

DEAR ALL,

AS YOU KNOW , VAT IS APPLICABLE IN UP SINCE 1ST JAN 2008. AS PER THIS ACT, ANY CONCERN CAN TAKE CREDIT OF VAT ON OPENING STOCK OF RAW MATERIAL LYING AS IT & RAW MATERIA USED IN FINISHED GOODS & SEMI FINISHED GOODS.

WE CAN PREPARE EASILY DATA FOR VAT CREDIT FOR RAW MATERIAL LYING AS IT. BUT WE ARE NOT ABLE TO CALCULATE RAW MATERIAL USED IN FINISHED GOODS & SEMI FINSIHED GOODS.

FOR A MANUFACTURER COMPANY , HOW WE COMPUTE VAT CREDIT DETAIL FOR MATERIAL USED IN FG & SFG.

PLEASE HELP ASAP.

THANKS & REGARDS

CA.B.K.BANSAL