incase we sold to the goods to a indiviucal person to other
state,but its claimed a form 'C' ?
- 2 Answers
- 3568 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / h.r. sreepada bhagi
You can sell goods for resale or capital equipments for use
in the production of goods to a register dealer in other
state, you can charge CST @ concessional rate against
'C-Form' under Central Sales Tax Act. If the individual in
other state to whom you sell is a registered dealer (Under
CST Act) in that state and is entitled to purchase
goods/materials against C-Form & issues it to you, there is
no problem. If that individual is not a registered dealer or
is not entitled to issue C-Form, they you will not get
C-Form from him and will have to pay differential tax with
interest/penalty as applicable to your sales tax office for
non-submission of C-Form.
| Is This Answer Correct ? | 5 Yes | 0 No |
I intend to know what is the liablity of the Company paying commission to an individual under section 194H relating Payment for Commission in terms of obtaining PAN no from the individual? What is the maximum amount of commission up to which the same could be relaxed or it is not mandatory.
If any one provide TDS and Service tax Rates from 2003 to 2010
Physician samples should be charged under CST @ 5% manufactured in H.P. and transferred to other states
Dear All, We are a trader and doing one E-1 sales. Supplier send the material by To-pay basis, we endorse the LR and sold to Customer. Customer has given the purchase order for Basic amount and freight amount also. That means we have to pay the freight and getting the reimbursement from customer. In E-1 sales Invoice can we show the freight amount separtely as freight ? Since the customer need the freight head should be shown separetly. Or can we raise the separate debit note for this. Is it create any tax implifications in E-1? Please claify the same at the earliest. regards Regards Thananjeyan.P
What is TDS? Post journal entry for that in books of company.
Hellow this is ravindra wanted to know about excise duty rates pls suggest
how many forms of vat return is
1000 unit one into process at cost 100000. loss at 10% of input is considered normal, which is realisable at rs 1/unit.the actual prodution is 920 unit , find the abnormal gain?
assume we have a loss for the last finacial year ,when we are calculating income tax for this year how would be affected last year loss
COST OF ASSETS 250000 ACCUMULATED DEPRECIATION 115000 SELLING PRICE 137500 PASS ENTRY FOR THE SALE OF ASSET.
why tds is considered as asset
I renders interior Services, consider one project cost Rs.500000/- Scenario 1 - Material purchased on my Firm Name Material - 300000 - 0 On party behalf Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit Scenario 2 - Material purchased by client Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit In both Profit is same Rs. 50000/-. which is beneficial for me in terms of turnover or tax matters. and if I have to raise a bill to party as per both scenario, how it will affect bill and tax, where will I suffer loss?
Audit 
