Andhra Pradesh Commercial Taxes - Monthly VAT Calculations (http://registration.apct.gov.in/ctdportal/DlrServices/DLR_Index.aspx)
Simple VAT Returns Calculation for Beginners
Normally In sales tax there are two type of Returns.
1) VAT Returns
2) CST Returns
The following example gives you to complete understanding for VAT Monthly returns calculation.
Eg: 1)
XYZ Company April 2012 Purchases
5% Purchase - Rs.26,250 (Basic Value: Rs.25,000 + 5% VAT: Rs.1,250)
XYZ Company April 2012 Sales
5% Sales - Rs.34,965 (Basic Value: Rs.33,300 + 5% VAT: Rs.1,665)
Now you can calculate April Month VAT Returns as follows:
VAT Input:
5% Input VAT - Rs. 1,250
VAT Output:
5% Output VAT - Rs. 1,665
Total Input Tax - Total Output Tax (Rs.1,250-Rs.1,665) = - Rs.415 (Negative value)
Nagative value means you can pay Tax Rs.415 to Sales Tax Dept.
Clcik here How to Submit AP VAT e- Returns for above Eg: 1
Clcik here How to Submit AP VAT e- Returns for above Eg: 1
5% Taxable Goods
Zero-Rated and Eligible for Input Tax Credit
List of Goods exempt from Tax under Section 7
List of goods taxable @ 1%
Goods subjected to tax at special rates
Goods Taxable at Standard Rate (RNR) of 14.5 %
==========================================================
Eg: 2)
XYZ Company May 2012 Purchases
5% Purchase - Rs.54,600 (Basic Value: Rs.52,000 + 5% VAT: Rs.2,600)
14.5% Purchase - Rs.20,610 (Basic Value: Rs.18,000 + 14.5% VAT: Rs.2,610)
XYZ Company May 2012 Sales
5% Sales - Rs.94,500 (Basic Value: Rs.90,000 + 5% VAT: Rs.4,500)
14.5% Sales - Rs.17,175 (Basic Value: Rs.15,000 + 14.5% VAT: Rs.2,175)
Now you can calculate May Month VAT Returns as follows:
VAT Input:
5% Input VAT - Rs. 2,600
14.5% Input VAT - Rs. 2,610
Total Input Tax Value: (Rs.2,600+Rs.2,610) = Rs. 5,210
VAT Output:
5% Output VAT - Rs. 4,500
14.5% Output VAT - Rs. 2,175
Total Output Tax Value: (Rs.4,500+Rs.2,175) = Rs. 6,675
Total Input Tax - Total Output Tax (Rs.5,210-Rs.6,675) + Previous Month Input Credit (Nil) =
- Rs.1465 (Negative value)
Nagative value means you can pay Tax Rs.1465 to Sales Tax Dept.
Clcik here How to Submit AP VAT e- Returns for above Eg: 2
More Use Full Links for AP VAT
5% Taxable Goods
Zero-Rated and Eligible for Input Tax Credit
List of Goods exempt from Tax under Section 7
List of goods taxable @ 1%
Goods subjected to tax at special rates
Goods Taxable at Standard Rate (RNR) of 14.5 %
==========================================================
Eg: 3)
XYZ Company June 2012 Purchases
5% Purchase - Rs.84,000 (Basic Value: Rs.80,000 + 5% VAT: Rs.4,000)
14.5% Purchase - Rs.34,350 (Basic Value: Rs.30,000 + 14.5% VAT: Rs.4,350)
XYZ Company June 2012 Sales
5% Sales - Rs.110,250 (Basic Value: Rs.105,000 + 5% VAT: Rs.5,250)
14.5% Sales - Rs.5,725 (Basic Value: Rs.5,000 + 14.5% VAT: Rs.725)
Now you can calculate June Month VAT Returns as follows:
VAT Input:
5% Input VAT - Rs. 4,000
14.5% Input VAT - Rs. 4,350
Total Input Tax Value: (Rs.4,000+Rs.4,350) = Rs. 8,350
VAT Output:
5% Output VAT - Rs. 5,250
14.5% Output VAT - Rs. 725
Total Output Tax Value: (Rs.5,250+Rs.725) = Rs. 5,975
Total Input Tax - Total Output Tax (Rs.8,350-Rs.5,975) + Previous Month Input Credit (Nil)
= Rs.2375 (Positive value)
Positive value means you can adjust Rs.2375 in June Month CST Returns or you can forward Rs.2,375 Input credit into the next month (July) VAT Returns.
More Use Full Links for AP VAT
5% Taxable Goods
Zero-Rated and Eligible for Input Tax Credit
List of Goods exempt from Tax under Section 7
List of goods taxable @ 1%
Goods subjected to tax at special rates
Goods Taxable at Standard Rate (RNR) of 14.5 %
===============================================================
5% Taxable Goods
Zero-Rated and Eligible for Input Tax Credit
List of Goods exempt from Tax under Section 7
List of goods taxable @ 1%
Goods subjected to tax at special rates
Goods Taxable at Standard Rate (RNR) of 14.5 %
===============================================================
Eg: 4)
XYZ Company July 2012 Purchases
5% Purchase - Rs.94,500 (Basic Value: Rs.90,000 + 5% VAT: Rs.4,500)
XYZ Company July 2012 Sales
5% Sales - Rs.110,250 (Basic Value: Rs.120,000 + 5% VAT: Rs.6,000)
14.5% Sales - Rs.3,435 (Basic Value: Rs.3,000 + 14.5% VAT: Rs.435)
Now you can calculate July Month VAT Returns as follows:
VAT Input:
5% Input VAT - Rs. 4,500
Total Input Tax Value: Rs. 4,500
VAT Output:
5% Output VAT - Rs. 6,000
14.5% Output VAT - Rs. 435
Total Output Tax Value: (Rs.6,000+Rs.435) = Rs. 6,435
Total Input Tax - Total Output Tax (Rs.4,500 - Rs.6,435) + Previous Month Input Credit (Rs.2,375)
= Rs.440 (Positive value)
Positive value means you can adjust
Rs.440 in July Month CST Returns or you can forward Rs.440 Input
credit into the next month (August) VAT Returns.
5% Taxable Goods
Zero-Rated and Eligible for Input Tax Credit
List of Goods exempt from Tax under Section 7
List of goods taxable @ 1%
Goods subjected to tax at special rates
Goods Taxable at Standard Rate (RNR) of 14.5 %
============================================================
Eg: 5)
XYZ Company August 2012 Purchases
5% Purchase - Rs.81,900 (Basic Value: Rs.78,000 + 5% VAT: Rs.3,900)
14.5% Purchase - Rs.51,525 (Basic Value: Rs.45,000 + 14.5% VAT: Rs.6,525)
Exempt purchases (non - creditable )- Rs. 45,300 (You can not claim Exempt Purchases)
XYZ Company August 2012 Sales
5% Sales - Rs.105,000 (Basic Value: Rs.100,000 + 5% VAT: Rs.5,000)
14.5% Sales - Rs.80,150 (Basic Value: Rs.70,000 + 14.5% VAT: Rs.10,150)
Now you can calculate August Month VAT Returns as follows:
VAT Input:
5% Input VAT - Rs. 3,900
14.5% Input VAT - Rs. 6,525
Total Input Tax Value: (Rs.3,900+Rs.6,525) = Rs. 10,425
VAT Output:
5% Output VAT - Rs. 5,000
14.5% Output VAT - Rs.10,150
Total Output Tax Value: (Rs.5,000+Rs.10,150) = Rs. 15,150
Total Input Tax - Total Output Tax (Rs.10,425 - Rs.15,150) + Previous Month Input Credit (Rs.440)
= Rs.4,285 (Negative value)
Negative value means you can pay Tax Rs.4,285 to Sales Tax Dept.
More Use Full Links for AP VAT
5% Taxable Goods
Zero-Rated and Eligible for Input Tax Credit
List of Goods exempt from Tax under Section 7
List of goods taxable @ 1%
Goods subjected to tax at special rates
Goods Taxable at Standard Rate (RNR) of 14.5 %
================================================================
Total Input Tax Value: (Rs.4,000+Rs.5,075) = Rs. 9,075
Total Input Tax Value: (Rs.3,750+Rs.3,625) = Rs.7,375
More Use Full Links for AP VAT
5% Taxable Goods
Zero-Rated and Eligible for Input Tax Credit
List of Goods exempt from Tax under Section 7
List of goods taxable @ 1%
Goods subjected to tax at special rates
Goods Taxable at Standard Rate (RNR) of 14.5 %
================================================================
Eg: 6)
XYZ Company Sep 2012 Purchases
5% Purchase - Rs.84,000 (Basic Value: Rs.80,000 + 5% VAT: Rs.4,000)
14.5% Purchase - Rs.40,075 (Basic Value: Rs.35,000 + 14.5% VAT: Rs.5,075
Exempt purchases (non - creditable )- Rs. 35,800 (You can not claim Exempt Purchases)
XYZ Company Sep 2012 Sales
5% Sales - Rs.189,000 (Basic Value: Rs.180,000 + 5% VAT: Rs.9,000)
Exempt Sales - Rs. 95,000 (No Output Tax in Exempt Sales)
Now you can calculate Sep Month VAT Returns as follows:
VAT Input:
5% Input VAT - Rs. 4,000
14.5% Input VAT - Rs. 5,075
Total Input Tax Value: (Rs.4,000+Rs.5,075) = Rs. 9,075
VAT Output:
5% Output VAT - Rs. 9,000
Total Output Tax Value: Rs. 9,000
Total Input Tax - Total Output Tax (Rs.9,075 - Rs.9,000) + Previous Month Input Credit (Nil)
= Rs.75 (Negative value)
Negative value means you can pay Tax Rs.75 to Sales Tax Dept.
More Use Full Links for AP VAT
5% Taxable Goods
Zero-Rated and Eligible for Input Tax Credit
List of Goods exempt from Tax under Section 7
List of goods taxable @ 1%
Goods subjected to tax at special rates
Goods Taxable at Standard Rate (RNR) of 14.5 %
===============================================================
5% Taxable Goods
Zero-Rated and Eligible for Input Tax Credit
List of Goods exempt from Tax under Section 7
List of goods taxable @ 1%
Goods subjected to tax at special rates
Goods Taxable at Standard Rate (RNR) of 14.5 %
===============================================================
Eg: 7)
XYZ Company Oct 2012 Purchases
5% Purchase - Rs.78,750 (Basic Value: Rs.75,000 + 5% VAT: Rs.3,750)
14.5% Purchase - Rs.28,625 (Basic Value: Rs.25,000 + 14.5% VAT: Rs.3,625
Exempt purchases (non - creditable )- Rs. 47,900 (You can not claim Exempt Purchases)
XYZ Company Oct 2012 Sales
5% Sales - Rs.136,500 (Basic Value: Rs.130,000 + 5% VAT: Rs.6,500)
14.5% Sales - Rs.62,975 (Basic Value: Rs.55,000 + 14.5% VAT: Rs.7,975)
14.5% Sales - Rs.62,975 (Basic Value: Rs.55,000 + 14.5% VAT: Rs.7,975)
Exempt Sales - Rs. 7,000 (No Output Tax in Exempt Sales)
Zero rate sales - International exports - Rs. 35,000 (No Output Tax in Zero rate sales - International exports)
Zero rate sales - International exports - Rs. 35,000 (No Output Tax in Zero rate sales - International exports)
Now you can calculate Oct Month VAT Returns as follows:
VAT Input:
5% Input VAT - Rs. 3,750
14.5% Input VAT - Rs. 3,625
Total Input Tax Value: (Rs.3,750+Rs.3,625) = Rs.7,375
VAT Output:
5% Output VAT - Rs. 6,500
14.5% Output VAT - Rs. 7,975
Total Output Tax Value: (Rs.6,500+Rs.7,975) Rs. 14,475
Total Input Tax - Total Output Tax (Rs.7,375 - Rs.14,475) + Previous Month Input Credit (Nil)
= Rs.7,100 (Negative value)
Negative value means you can pay Tax Rs.7,100 to Sales Tax Dept.
5% Taxable Goods
Zero-Rated and Eligible for Input Tax Credit
List of Goods exempt from Tax under Section 7
List of goods taxable @ 1%
Goods subjected to tax at special rates
Goods Taxable at Standard Rate (RNR) of 14.5 %
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