Discussions Forum | ||
Home Forum VAT + CST This
A Public Forum.
Submit new Issue / Query
My Issues
My Replies
|
||
Mfg.of Shoes., VAT + CST |
||
|
||
Mfg.of Shoes. |
||
We Mfg. Shoes, Vat rate of Mtl of shoes is @ 5% but the complete shoes rate is 12.5%. Our cost is including Labour. The difference of 7.5% can be adjusted or not. Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
When the VAT rate on material is 5% and VAT rate 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%?
Page: 1 Old Query - New Comments are closed. |
||