Should I have to pay tax

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..... Should I have to pay tax
Query (Issue) Started By: - Tax mgmt Dated:- 31-7-2015 Last Reply Date:- 3-8-2015 VAT + CST
Got 3 Replies
VAT / Sales Tax
Hi, I am a trader in Tamil Nadu. I bou .....

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..... ght some products without bill and sold it with bill mentioning the tax amount, since the buyer insisted me to give a bill. The tax amount in the bill is around 6000 and my profit is only 1500. Should .....

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..... I have to pay the VAT amount to the government? Please advise. Reply By MARIAPPAN GOVINDARAJAN: The Reply: In the bill issued by you shall contain the gross value of the goods, applicable VAT rate .....

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..... and amount. On issue of the bill, the VAT shall be paid to the credit of the department within the period specified. You have to take registration with the Department also. Reply By Tax mgmt: The Rep .....

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..... ly: Dear Mr. MARIAPPAN GOVINDARAJAN, Thank you so much for your response. In the bill I have mentioned ₹ 6000 as VAT. So if I understand, I have to pay this 6000 to the CTO. You mean sales tax .....

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..... department as the credit department. Am I right? Reply By MARIAPPAN GOVINDARAJAN: The Reply: Yes, you are correct.
Discussion Forum - Knowledge Sharing .....

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