Vat by retailers
Parul Gunecha (Student) (75 Points)
05 June 2015Parul Gunecha (Student) (75 Points)
05 June 2015
Mohan Verma
(Assistant Manager - Finance & Accounts)
(4328 Points)
Replied 06 June 2015
TAX FINALLY BORNE BY THE FINAL CONSUMER AND RETAILER SELLING GOODS TO FINAL CONSUMER ( ISSUE RETAIL INVOICE ), AND RETAILER ALREADY PAID TAX TO DISTRIBUTOR OR WHOLESELLER.
Bindu
(CA Final Student)
(112 Points)
Replied 06 June 2015
Retailer whose turnover exceeds Rs.50 lacs would not be eligible for composition scheme ...so do they have to follow the rate schedule for calculation of VAT Liability?
Goods are sold at MRP Rates...So basically its purchase and reselling to ultimate consumers...so are they eligible for cenvat credit?
Parul Gunecha
(Student)
(75 Points)
Replied 06 June 2015
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)