Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

what is vat?
what is excise?
what is form c & d in sales tax?

Answer Posted / ritesh

value added tax called vat,registered dealer charged tax to
purchaser and deposit the same in sales tax department,there
are so many rates are defined from sales tax department.when
sales within state, dealer charged vat tax and out of state
dealer charged cst @2% with form "c".so we can say form "c"
is a documents for tax saving within interstate business.
Example :-
if material purchase within State and item tax rate is 12.5%.
Item amt. :- 100.00
Vat @12.5% :- 12.50
Total purchase value is 112.50/-
if material purchase out of state (cond. dealer and
purchaser both are registered )

Item amt. :- 100.00
CST @2% against form "c" :- 2.00
Total purchase value is 102.00/-

Is This Answer Correct ?    345 Yes 137 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

i have recently joined a bank as probationary officer.i ant to know hich of the two options bellow will be benefitial:- 1.receiving HRA or 2.receiving lease rent from the bank.

2164


I have mentioned the buyer as in Kolkata and the consignee's in Jharkhand now the consignee has issued the C Form whether the C Forms is acceptable or not kindly help me

1854


We have paid service tax of March Bills on 30 March. we forgot to include some bills for service tax, now we can deposit the tax in april/may and how we enter the tax..in tally....

1919


In advance c form dvat why not showing the amount in form verification

1639


In wct limit is Rs.5lac if vendor provide bill below 5lac wct will applicable or it aggregate I need deduction of wct 5lac slap

1822


What is the commitment to the bankers against L/C ? They need any colletral Security or any deposit ? What is terms & conditions of L/c?

2525


ER-5 & ER- 7 ER -4 related all information 1) What Fill The ER-5 & ER- 7 ER -4 2) What Infomation Fill In the return

2003


Let me know the clauses (A)& (B) Of section 113 of the finance (No.2)Act2009?

1899


How can I Return CST Form-I

1740


what is the full rate of cst/vat of building material ?

2449


i had received an arrear 0f Rs.700000/- lacs for the period 1.1.2007 to 31.3.2010 and Rs.78000 for the period 1.4.2010 to 31.7.10 during aug'2010. my normal salary for 2010-11 is 400000/-. on what amount will my rent free house perquisite be calculated? i have also claimed rebate u/s 89 by distributing my arrear salary in previous years.

2203


Excise duty applicable for Handmade Production?

3558


procedure to get Raw Material free of excise duty under Central Excise Act,

2004


What are the types of provident funds?

1261


if i paid interest on tds for ex:- tds deducted on rent for the month of april, may, june rs. 20000 each for month and tds paid on 7th july then i have to pay interest @ 1.5% for rs. 1200 , 900 , 600 respectively , so i wanted to know what is the entry for rising of this interest in accounting software other than tally

1528