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Discussion > VAT >

cst - tax calculation

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Persuing C.A.


[ Scorecard : 408]
Posted On 29 April 2010 at 16:17 Report Abuse

dear friends ,

i want to know , how ll i calculate sale tax for sale tax return .

as per my knowledge this formula is effective

 

amount x 2% / 102

plz advice me

      


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CA Dhiraj Ramchandani
CA, M. com


[ Scorecard : 10696]
Posted On 29 April 2010 at 16:33

Yes this is correct...

 

But u can also take proportion to TOTAL CST SALES V/s CST SALES RETURN.... Multiply the amount with total CST...

 

CST x cst sales return/cst sales 





CA Sanjay Jha
ACCOUNTS MANAGER


[ Scorecard : 908]
Posted On 29 April 2010 at 17:29

2 ways to calculate sale tax

First  when u have to calculate sale tax from net of amount u want to sale i. e. amount (NET)*2/100

Second when u have to calculate sale tax from sales inclusive of sales tax  i. e. sales value(gross)*2/102




vikash rathi
Chartered Accountant


[ Scorecard : 782]
Posted On 30 April 2010 at 00:42

your formula is totally correct........(in case saletax amount is composite in sale value...)



Poornima Srinivasan
Junior trainee


[ Scorecard : 330]
Posted On 30 April 2010 at 14:04

Originally posted by : CA Sanjay Jha

2 ways to calculate sale tax

First  when u have to calculate sale tax from net of amount u want to sale i. e. amount (NET)*2/100

Second when u have to calculate sale tax from sales inclusive of sales tax  i. e. sales value(gross)*2/102

Ya i agree with him...




avinash
article


[ Scorecard : 55]
Posted On 05 June 2012 at 18:12

for caculation of CST sale return is considerd or not????



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