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 ?
- 1 Answers
- 4305 Views
- I also Faced
- E-Mail Answers
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 form requirment for monthly, quartely, and yearly sale return for haryana
The Loss of Profit & Loss A/C Where It is Shown in Balance Sheet Liability or Assets Why ?
wct rate all over india state wise
5 Answers DVWS, Jindal Steel and Power, Retail Hub,
from pan card how can we know nature of payment(tds related)
what is input rebet on sale tax?
In our bodyshop wct tax is 13.05% on the whole Labour charges( including opening fitting ,repairing ,painting. Is this justified?
TDS Reimbursment? Iam 2 tipper owned small transporter and TDS diduct in my transport bills. can any body tell me how can i reimburse my TDS and what are the procedure for reimbursment and what are forms, papers to be required, tell me please.
anybody pls tell me about the service tax
If customer out of state not proving C form ( In his purchase order declare tax as applicable )then which tax is applicable for sale of finished goods
What is FBT? please guide me with the example
I am working at Himachal Pradesh, let me know cant i adjust entry tax in vat? if no then why or yes, please exlain.
please explain me in brifly how to file monthly TDS challan for a company? e.g. if i deduct tds from all various bills of contractor in a month so this all total tds amount credit towards tds account?
1 Answers Overnite Express, Spectrum Engineers,
Audit 
