Answer / Paras Jain

VAT (Value Added Tax) is a consumption tax levied on goods and services in India. The CST (Central Sales Tax) is a tax on inter-state sales of goods.n
1. VAT rates vary by state, but they generally range from 5% to 28%. Some goods and services are exempted from VAT altogether.
2. CST is levied at a rate of 2% on the sale price of the goods.
3. The distinction between VAT and CST becomes important when dealing with inter-state sales, as both taxes may apply in such cases:n - If a business sells goods within its own state (intra-state), only VAT is applicable.n - If a business sells goods to another state (inter-state), both VAT and CST are applicable.
4. To calculate the total tax liability, you need to consider both VAT and CST rates. In some cases, an invoice may be required to show the details of the taxes collected (C Form).

The company has to pay transportation charges for transporting its materials. The company has not remitted the TDS on the same within due date. Is this expenses to be disallowed in STI. This expenses is directly considered on valuation of closing stock.

1 Answers  

---

We had paid TDS against rent in assessment year 2009-2010. But by mistake one of the pan no of the landlord was wrongly entered. Now the demand has been raised. Please advise how to correct the situation.

1 Answers  

---

What is means by ESI ? How to calculate ESI ? ESI challan or form No. ?

7 Answers   Buzzworks Business Services, Reliable Hitech Infrastructure Private Limited,

---

Can we issue "Form E1" to party for same state? If yes please give procedure for invoiceing

2 Answers   BOC,

---

Condition 1. If buyer A(in rajasthan) purchase the steel from buyer B(in gujarat. B is a plant of Company. A purchases directly from Plant. A having C form. what would be the tax levied on A. What would be his benefits through C form. Condition 2. If A purchases the steel material by the Company warehouse which is situated in rajasthan. A also is in rajasthan. what type of benefits A gets. Both the parties are registered. which condition is best for purchase either 1 or 2

1 Answers  

---

How a dealer shall be registered under O.S.T. & C.S.T. Act?

2 Answers  

---

If any new form open than we are able to deduct TDS on first year

1 Answers  

---

sir, please suggest me. If in case work contract, wct not deduct by principal contractor then what is the consequence ? I mean please clear me if the principal contractor not deduct wct then is the contractor (sub) liable to pay wct ?

1 Answers  

---

What are all include taxation...? What is to be noted in the taxation...? Hints would be highly appreciated.

1 Answers  

---

I have recived four c form for a fainancial year But c- form not in proper series For Exaple- c-form no. 1 for 1st quarter & 3 For Second Quarter 2nf For 3rd Quarter & 4 For Fourth quarter Please Tell Me Can I summit This Form in sale tax office in no Please tell me solution for that condition.

2 Answers  

---

i am proprioter of firm can i use my tan firm & personal

1 Answers  

---

if any civil contractor provide service to education institute, then there is an exemption for service tax liability, and he should be quoted it on its invoice, can u provide me sample invoice formats

1 Answers  

---