WE DEAL IN OPTICAL GOODS. PURCHASES ARE 100% FROM REGISTERED DEALERS. HOWEVER 90% OF OUR SALES IS MADE TO REGISTEEALERS. ROUGHLY 10% IS SOLD ACROSS, THE COUNTER TO INDIVIDUALS. hOW TO SHOW SUCH SALES IN VAT RETURN
PLEASE GUIDE
1 Replies
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 29 June 2015
Show it as sales at the rates at which VAT is applicable on such sales. For eg. if VAT payable on such sales is 14.5%, then show it under Sales 14.5% in VAT100.
Recent Topics
- Regarding Perquisite Tax on ESOP - Unlisted Compan
- Casual Taxable Person under GST
- Extended Date of GSTR-1 for the month of July 2020
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF UNCLAIMED RCM
Related Threads
CAclubindia
