Suppose I receive bills of Rs.104/- (Inclusive of VAT) and effect the sale of the same goods at Rs.52/-( inclusive of VAT)....... plz tell me if its wrong
Ankit Kejriwal (Article/ Student) (297 Points)
13 February 2009Suppose I receive bills of Rs.104/- (Inclusive of VAT) and effect the sale of the same goods at Rs.52/-( inclusive of VAT)....... plz tell me if its wrong
TR Nagaraja
(Consultant)
(209 Points)
Replied 13 February 2009
IF UR IN COMPOSITION SCHEME ITS CORRECT, OR IF U R VAT SCHME IT IS NOT CORRECT. YOU HAVE TO SHOW COLLECTD TAX SEPERATLY IN BILLS
Ankit Kejriwal
(Article/ Student)
(297 Points)
Replied 16 February 2009
Originally posted by :TR NAGARAJA | ||
" | IF UR IN COMPOSITION SCHEME ITS CORRECT, OR IF U R VAT SCHME IT IS NOT CORRECT. YOU HAVE TO SHOW COLLECTD TAX SEPERATLY IN BILLS | " |
i m not in any scheme...... please tell me in more details....