Mfg.of Shoes.

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....fg.of Shoes.<br> Query (Issue) Started By: - Ramesh Parmar Dated:- 10-9-2010 Last Reply Date:- 18-9-2010 VAT + CST<br>Got 1 Reply<br>VAT / Sales Tax<br>We Mfg. Shoes, Vat rate of Mtl of shoes is @ 5%....

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.... but the complete shoes rate is 12.5%. Our cost is including Labour. The difference of 7.5% can be adjusted or not. Reply By Rama Krishana: The Reply: When the VAT rate on material is 5% and VAT rate....

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.... on finished goods is 12.5%, you can take the full VAT credit of 5% and pay the balance amount of VAT. Where is the question of adjustment of 7.5%?<br> Discussion Forum - Knowledge Sharing ....