spose i am in gurgaon & employed with automotive manufacturing co. i have to make some invoces for new delhi, chennai, jaipur & chandigarh & london for a component (rubber gasket) qty-2500 no @ of 120 per pc than what should be payable amount for each customer after adding taxes?

1 Answers  

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exp: bricks 4000*5% =200 is input it can be add GP @ 10%. So it cane be 200*10% = 220 output Then 220-200 = we pay only 20. It is correct or not Regards G.Kamal

1 Answers  

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Sir, We purchased coal from NCL on CST basis. An incentive is paid on the basis of performance basis of NCL. NCL Raise there incentive bill for Rs. 1000+CST2% Rs.20 Total Rs. 1020/-. But As per Our Calculation, Incentive bill should be Rs. Basic 900+18 (CST)total Rs. 918. We argue and disputed and paid only Rs. 918/- . After Some time they also agree that incentive amount should be Rs. 900+CST but Now they revised the bill like this Basic Incentive Rs. 900+CST Rs.20/- (Original Tax value). And now they are demanding C for with CST 20/- but our pleas is that we are not liable for the mistakes made by the NCL and will issue C for for Rs. 18 Only. Now They are demanding C for for difference of Rs. 2 of CST. My Question is what should be the actually value of C form for CST ie. Rs. 18 or 20. considering the fact that we accounted only rs. 918/- in books and disputed is resolved after one year for basic value.

0 Answers   NTPC, XYZ,

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What is E-I & E-II forms in Sales Tax?

1 Answers  

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what is procedure of calculation of TDS by bank?

0 Answers   IBPS,

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for whom it is paid? what is the percentage for thta

0 Answers  

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how to calculate entry tax interest rate 2011-2012 assessment pending amt. is Rs.32000

0 Answers   ABC, ACC,

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I have an interview, they are asking direct and indirect taxes and exp. pls tell me any one regarding this which type of questions they will be asking.

3 Answers  

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If seller sale exempted goods outside the state then "c form" is necessary or not?

1 Answers   Infosys,

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WHERE WE HAVE TO TAKE TDS RECEIVABLES IN THE BALANCE SHEET OR P&L A/C ?

12 Answers   Insurance, Reliance, Wings Customer Care,

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What is MAT? and whom its applicable and what its rate?

7 Answers   Bank Of America,

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Rules for filling Income Tax return for a domestic manufacturing company.

0 Answers   Construction, Ranbaxy,

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