Andhra pradesh commercial taxesVAT Monthly Sales Tax Returns - Input Tax Credit and Output Calculations.
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Type : 1
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Input
Tax Credit Calculations.
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Description
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Value excluding VAT
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VAT Claimed
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Exempt or non - creditable purchases
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1,200,000
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-
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(Not eligible to Claim)
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4% Rate Purchases
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180,000
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7,200
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5% Rate Purchases
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230,000
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11,500
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14.5 % Rate Purchases
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820,000
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118,900
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1 % Rate Purchases
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3,000
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30
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Special Rate Purchases
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23,000
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-
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(Not eligible to Claim)
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Total Amount of Input Tax (Total Claimed Value)
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137,630
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Output
Tax Calculations.
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Description
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Value excluding VAT
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VAT Claimed
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Exempt sales
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1,500,000
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-
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Zero rate sales - International exports
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300,000
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-
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Zero Rate Sales - Other (CST Sales)
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113,500
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-
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Tax due on purchases of goods
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-
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-
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4% Rate Sales
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1,870,000
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74,800
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5% Rate Sales
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20,000
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2,900
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14.5% Rate Sales
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157,000
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7,850
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Special Rate Sales
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-
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-
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1% Rate Sales
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12,000
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120
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Total amount of output Tax
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85,670
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Total Payble
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51,960
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(Total Input - Total Output)
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You Can pay Tax Rs. 51,960 /-
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Type : 2
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Input
Tax Credit Calculations.
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Description
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Value excluding VAT
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VAT Claimed
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Exempt or non - creditable purchases
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1,800,000
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-
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(Not eligible to Claim)
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4% Rate Purchases
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280,000
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11,200
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5% Rate Purchases
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135,000
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6,750
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14.5 % Rate Purchases
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258,100
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37,425
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1 % Rate Purchases
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8,000
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80
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Special Rate Purchases
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53,200
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-
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(Not eligible to Claim)
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Total Amount of Input Tax (Total Claimed Value)
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55,455
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Output
Tax Calculations.
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Description
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Value excluding VAT
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VAT Claimed
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Exempt sales
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235,400
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-
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Zero rate sales - International exports
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184,600
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-
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Zero Rate Sales - Other (CST Sales)
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235,400
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-
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Tax due on purchases of goods
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-
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-
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4% Rate Sales
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1,870,000
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74,800
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5% Rate Sales
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20,000
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2,900
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14.5% Rate Sales
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157,000
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7,850
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Special Rate Sales
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-
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-
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1% Rate Sales
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18,000
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180
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Total amount of output Tax
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85,730
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Total Payble
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(30,276)
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(Total Input - Total Output)
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After adjusting input tax credit against the output tax payable
under the VAT if there is any balance of tax credit, such credit shall be
adjusted against the CST payable
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OR
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Negative balance of input tax credit carried forwarded to next
tax period
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