Interested to Buy Any Domain ? << Click Here >> for more details...
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
- 5048 Views
- I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
what is excise duty and how can we mantain its account in outgoing and incoming of bill status.
I want to know how to calculate VAT / WCT Liability under composition scheme and regular scheme at Karnataka
what is the detail procedure to filling ITR-I,ITR-II AND ITR- 1V V1 IE e-filling procedure
what is the percentage of W.C.T T.D.S to deduct from vendor, and is this includes T.D.S deduction or again T.D.S has to deduct separately?
what is fbt@ ,sd @
how to modify 12% to 13.5% in tallyerp9 release 1.6
we are getting materials from outside the state and issuing form c to a local party, since the local party is consignee agent of party who sends the materials. what is name this type of transaction? is issuing form c correct and proper? please reply
HOW CALCULATE PARTERNERSHIP FIRM INCOME TAX ON NET PROFIT.
How treat TDS & TCS in manual or Tally 9 softwere ?
what is the difference b/w deferred tax exp and defeered tax liab? should Deffered Tax expense be deducted b4 computing Net profit?
what is city commodity tax
sir, can you give me clarification briefly how to capitalized and which one capitalized
i paid tds through my bank account but i entered the assessment year as 2010-11(the current year) instead of 2011-12(actual assessment year). what is the remedy for this. how do i get refund for the wrongly paid sum. or is there any way to currect the assessment year?
Suppose that a sub-contractor total work done for Rs.100 & he charged 10.3% service tax.Then total gross value will RS.110.30.On what amt you will (that means on total work done or total gross value)charged Retention@10%,WCT@3% & TDS@2%.
can i adusted our vat credit in W.C.T. payable?
