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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 

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: 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.

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.

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: 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 %
 ================================================================

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.



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)
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)

 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.


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 %

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