TaxTMI 
TaxTMI 
VAT CST ADJUSTMENT
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....AT CST ADJUSTMENT<br> Query (Issue) Started By: - Sajid Ahmed Dated:- 14-6-2014 Last Reply Date:- 15-6-2014 VAT + CST<br>Got 1 Reply<br>VAT / Sales Tax<br>Please solve this, how much tax to be payabl....
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....e: Purchase from URD for Rs.5,00,000 Purchase from RD for Rs.1,00,000 Sales against C Form for Rs.10,00,000 Sales VAT 14.5 percent for Rs.1,00,000 Exempted Sales for Rs.50,000 Please guide how t....
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....o calculate ITC and tax payable. Reply By Pradeep Khatri: The Reply: You would have to pay tax on Rs. 50000/- as these are exempted sales and you can avail the Input tax credit on purchase from RD pr....
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....ovided purchases from URD is used in manufacturing of finished goods are sold on payment of VAT/CST.<br> Discussion Forum - Knowledge Sharing ....