Interested to Buy Any Domain ? << Click Here >> for more details...
i am purchasing goods from other state and selling it in my
own state, what are the taxes applicable during this
transaction. i am paying cst for inter state whetehr i have
pay VAT if i sell the same goods in my state.
- 4 Answers
- 7234 Views
- CA, I also Faced
- E-Mail Answers
Answer Posted / mamta
If u sell the good in your state then you would pay VAT for this transaction as being the same state it is local sale and for local sale VAt is applicable.
| Is This Answer Correct ? | 16 Yes | 0 No |
Post New Answer View All Answers
What are the excise duties in our state?
what is capital account? how to manage it? what is the process?
Any body tell me about VAT (Karnataka)shortly because, iam reading vat book but iam not able to understand that. if any body tell me shortly about karnataka vat, retursn, tax collectng, tax payment, CENVAT utilizing etc. pleseeeeee
why is service tax set off is consider while calculating wct tds
What items fall under the category of ‘securities’?
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 sales tax assesment or annuel return company and how to do end of the finiancial year and what is form no 240.
if the goods are purchased against H Form, is there any specified time limit winthin which they should be exported?; if yes then wat is that limit?
which form is used for issuance of C Form ,F form etc. from Sale tax Authority (Haryana), when should be apply? what documents to be submitted?
treatment of Service tax and TDS
Which income is considered as accrued income?
What is DSCR and how to calculate the same.
what is cost taxation
How many heads are there under total income?
I AM INTO AN EXPORT COMPANY MANUFACTURING GARMENTS. I AM PURCHASING AN INTERSTSTE ITEM AND PROVIDED FORM H NOT C. COULD I BE ABLE TO GET ANY EXEMPTION FROM TAXATION AND WHEATHER I HAVE TO CLOSE MY SALES TAX ACCOUNT FOR PROVIDING FORM H, AND IF AGAIN I COULD BE GET ANY EXEMPTION FROM FORM C ISSUING FOR THE SAME COMMODITY AND SAME SUPPLIER.
