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Mfg.of Shoes., VAT + CST

Issue Id: - 2212
Dated: 10-9-2010
By:- Ramesh Parmar

Mfg.of Shoes.


  • Contents

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.

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1 Dated: 18-9-2010
By:- Rama Krishana
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

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