How to calculate VAT - Business & Economy - Entrepreneurship - TIK Share

How to calculate VAT


Praveen Kumar

2016-04-04

Respected Sir,

I have one Distribution, when i give order to company, company will send products directly to my place with bill(which include 14.5% VAT as per Karnataka state).

then i will distribute products to retailers, when i am distributing products to retailers - how i should charge VAT to retailers? and is it i need to pay Tax to the Govt?

Could you please help me sir.

 

Thanks,

Praveen Sastry

CA Pulkit Sharma

2016-04-05

You need to charge vat at value charged to buyers. You need to pay VAT to government after taking eligible input credit.

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