Is VAT & CST should be charged at a time on one purchased
item? please give more clearity on this issue?
- 4 Answers
- 13065 Views
- I also Faced
- E-Mail Answers
Answer Posted / m.l.verma
You can not generate an invoice for two different state i.e
within state for vat and outside of state for cst. vat is
chargeable for home state whereas CST is chargeable for
except home state i.e otherstate.
| Is This Answer Correct ? | 9 Yes | 0 No |
Post New Answer View All Answers
What are allowable and dis-allowable expenditure?
#IS IT NECESSARY TO COLLECT T.C.S ON EVERY POINT OF SALE# THAT IS IF MANUFACTURER SOLD ANY OTHER FOREST PRODUCE NOT BEING TENDU LEAVES (T.C.S @ 2.5%)TO TRADER,IS IT NECESSARY FOR TRADER TO DEDUCT T.C.S.MANUFACTURER ALREADY CHARGED T.C.S TO TRADER & ISSUED TO TRADER 27-D FORM.WAITING FOR CLEAR CUT REPLY
i want know central excise duty codes with cess?
what is the ct-1 sale? if ct-1 bond is misplaced what is the procedure for applying for new bond.
Beginning Balance, Dec. 31, 20xx Creditable Income Tax 211,829.00 Income Tax Payable (132,808.00) > Balance 79,021.00 ITR (1st Quarter) - Jan. 31, 2016 - Mar. 31, 20xx Normal Tax (30% of Taxable Income) 2,205.02 MCIT (2% of Gross Income) 7,865.71 Aggregate Income Tax Due (Normal Tax vs. MCIT whichever is hihger) 7,865.71 Less: Tax Credits/Payments Prior Years Excess Credits 79,021.00 Creditable Tax Withheld - 79,021.00 Tax Payable, per return (71,155.29) What should be the entry in my book to record the above transactions? Thank you!
What is the difference between Indian and us taxation
Dear Sir, we have purchased Poly Covers ( 360mm x 560mm)for raw material use.This Input vat claim it or not ?
is WCT applicable one time? and what will be rate of WCT in UP State?
how we creat e-vat return in tally for punjab
what the procedure of filing mvat pls. explain in briefly ?
can penalty be imposed under sec 96 of vat act west bengalfor goods destroyed or damaged
i have paid P-TAX ( employee ) in EC code & P- TAX ( COMPANY)paid in RC code.how can i solve this poblem?
How to determine TDS on Salary ? what are Limit for HRA ,insurance premium , Loan installment, children education fee etc. what type of Deductions for salary. please Explain Full and complete this concept with one example which cover all aspects regarding TDS on Salary.
IF ANY PROPRITER SAID THAT DON'T DEDUCT TDS OF HIM BECAUSE IT IS NOT PARTNERSHIP FIRM THEN WHAT SHOULD COMPANY DOES?
what is procedure of calculation of TDS by bank?
