Simple hai yaar:- VAT ko state govt. khaa jati hai.
aur CST ko Central govt. khaa jati hai.
State govt. ko khaane ko nahi milta tha to usne VAT ka
janam kar diya. Itna khaane ke baad bhi madarchoodo ka pet
nahi bharta to ghoos khate hai. G.Tax matlab to samajh hi
rahe ho dosto.
If the total material cost of secondary steel products @
BSL, Jharkhand, is Rs.30 lacs exclusive of VAT @ 4%, ED @
8.24%, TCS @ 1%, and the buyer is registered under the
Company's Act, 1956 in Bihar, and carrys VAT & CST
certification but no ED registration, then what would be
the proforma of purchase invoice ? And if the Buyer sells
the above materials with the conversion charges or profit
of Rs.5 lacs within Bihar, what would be the proforma of
Sale Invoice ?