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 ?
Answer / tax beginner
Purchase Invoice Calculation
Basic Cost (Gross) 3000000
ED @8.24% 247200
Assesible Value 3247200
CST w/o Form C 129888
TCS @ 1% 33771
Net Amount 3410859
Assumption :
CST applicable and CST without Form C Tran, otherwise Tax
Rate 2%
Sales Price for 2nd Party 3910859
VAT 4% 156434
Net 4067293
Is This Answer Correct ? | 4 Yes | 1 No |
WHAT IS THE AMOUNT LIABLE TO THE DEDUCTION OF ESIC?
WHAT IS VAT RATE IN CHATTISHGARH ON BEBY CHAIR?
my manufacture company established in Excise exempted Area. and we pay freight to transpoter.& also deduct service tax.what will be the entry of this transaction. can i adjust this service tax payable from input service tax of telephone bill.
Is there any method not to deduct TDS on Provisons?
how to calculated all taxes their information in details
HOW TO FILE RETURN- SALARIED PERSON GETTING SALARY 6 MONTH FROM ONE & 6 MONTH ANOTHER COMPANY
0 Answers First National Bank,
we have paid excess tds amount in 194I 27000/- for f.y.2017-18 now can we adjust the same in upcoming month 2018-19?
what is the entry tax explain briefly?
what is mean by wct
what is the meaning of provision for taxation
i am proprioter of firm can i use my tan firm & personal
During the financial year if i had made CST purchase in may 2011 Rs.200000/-, in july 2011 Rs.150000/-, in august 2011 Rs.100000/- so for the above transaction i have to obtain three C forms for each transactions now let me clear that by providing relevent details to the Tax department when they will provide me the c forms for the above transactions?