how to calculate cst?
is it adjust with input cst and output cst?
give an example.

Answer Posted / manohar

In My Point of View, Input CST Means Purchase Of goods from
Other State that is Income to that State Where we are
purchasing. Output CST is income of our State. So, Input CST
is not Adjustable With Output CST, But You have chance to
Adjust Output CST with Input Vat(Why Because Output CST is
income Of our State So we can Adjust it with ITC if You Had)

Is This Answer Correct ?    33 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is the vat rate of Saw dust powder in maharashtra

3878


my manufacture company established in Excise exempted Area. and we pay freight to transpoter.& also deduct service tax.what will be the entry of this transaction. can i adjust this service tax payable from input service tax of telephone bill.

1529


'A' is running a manufacturing set up. 'B' sends raw material (after paying CST) to 'A' for manufacutre of his specified product and 'A' keeps 'B's stock in his godown. Can 'A' buy this material from 'B' by raising a CREDIT MEMO and in the books regularises by passing Journal Entry Dr.Raw material inventory and Cr. 'B's Account.

1922


sir, please suggest me. If in case work contract, wct not deduct by principal contractor then what is the consequence ? I mean please clear me if the principal contractor not deduct wct then is the contractor (sub) liable to pay wct ?

1217


Our firm is 7 years old. We don't have PT registration for partners as well as employee. If we do it now, will it be a problem or how much penalty will come. Any one can give suggestion.

1494






Service tax applicable or not for Govt Guest House contract work.

1621


What is turnover limit for Auditing of Service Tax, VAT, Income Tax, Provident Fund, P. Tax and WCT? Please mail me at gautam_ch2 @ rediffmail.com or call me at 09831707812.

2827


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....

1422


How calculate Rent income exemptions from taxable income under income tax act.isnn't 30% of total income???? plz explain with example?

1526


how to calculate tax for the income earners

1644


How much is the tax & surcharge % against d-1 form. on cement,steel,electrical item,RMC,

2775


If anybody have knowledge about opening for the post of accountant(for Gurgaon/Delhi) kindly mail me verma_moti@yahoo.co.in. I am handling accounting sales tax/vat,Excise,service Tax,Tds and MIS.

1480


My Question is regarding WCT. During an audit of a company, i saw a contractor consolidated invoice for installation at site in which it shows labour charges and goods supply separately and no service tax and vat is charged. The company pay the whole amount to contractor after deducting TDS. my question is whether WCT also deducted? if deducted at which rate if company in gurgaon?

1814


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

1325


WHAT IS EXCISE DUTY RATE IN HARYANA for RMC

2438