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TMI BlogShould I have to pay taxX X X X Extracts X X X X X X X X Extracts X X X X ..... Hi, I am a trader in Tamil Nadu. I bought 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6000 and my profit is only 1500. Should 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 gro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ss value of the goods, applicable VAT rate 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 th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Department also. - Reply By Tax mgmt - The Reply = 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... have to pay this 6000 to the CTO. You mean sales tax department as the credit department. Am I right? - Reply By MARIAPPAN GOVINDARAJAN - The Reply = Yes, you are correct. - Should I have to pay ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tax - Query Started By: - Tax mgmt Dated:- 31-7-2015 Value Added Tax - VAT-CST - Got 3 Replies - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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