cst calculation

News

Releasing of GST Compensation to States


Pending introduction of GST in the Country Union Cabinet in its meeting held on 17 03 2015 decided for payment of 100 CST compensation to the States UTs for year 2010 11 75 CST compensation for year 2011 12 and 50 CST Compensation for year 2012 13 to be worked out as per guideline dated 22 08 2008 A

CST Act, 1956 - Grant of exemption from filing returns withdrawal of concession


CST Act 1956 Grant of exemption from filing returns withdrawal of concession Detailed information has been attached herewith

Work on Draft GST Constitutional Amendment Bill and GST Law Expected to be taken Forward


Rs 9 000 Crore set Apart for the 1st Instalment of the Balance of CST Compensation to States The Finance Minister Shri P Chidambaram presenting the Union Budget in Lok Sabha today has expressed the hope that the consensus on providing for a Goods and Services Tax GST regime can be taken forward in t

Differences widen on CST


Raising VAT should be left to the states and not be included as a part of the compensation formula he added Differences between the Union and state governments over central sales tax CST compensation have aggravated with the states claiming the Centre is bringing new issues into the debate The state

Auditor may have taken PAC's cue


Exact math used by the governments auditor in its calculation of losses and the process it followed still unclear The Comptroller and Auditor General of India CAG may have taken a cue from the Public Accounts Committee PAC while calculating losses arising from the improper allocation of second gener

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Experts Opinions

Cst purchases made by a dealer who opted for form k


dear sir In tamilnadu a dealer has purcased goods from outside state though he was not supposed to do under tnvat if he is for compounded tax Now the dealer is ready to pay the tax on the purhcases made how the assessment will be made reply may be given to surioutsource gmail com

Articleship working hour calculation


I would like to know whether travelling out of town for official purpose at unofficial time i e Audit Purpose is counted in Working hour For example office time is 10 00 AM and if article assistant has to go out of town in 07 00 AM then will this 3 Hours be counted in Working Hours

Regarding cst purchase


Can we purchase against c form without EC on works contract Plz advice

Gujarat vat or cst


A dealer at Ahmadabad purchase goods from B at Baroda and sells this goods to C at Surat But goods directly sent at Diu warehouse of C from Baroda then which tax VAT Or CST is applicable to A

Cst/ rvat


Dear Experts A businessman purchases RM Aluminium from other state without CST RST No my first question is can he do this purchases without any amount limitations aftr than he manufacture Door from such RM Aluminium my second question is it product door taxable or not if taxable than what is tax rat

Discussion

Calculation

A works contractor an indivudual raised bills of Rs 48 lakhs and received payment of Rs 40 lakhs in the first year of his business How the theshold exemption and service tax will e calculated

Bonus act - calculation of allocable surplus

As per schedule III of the act the company needs to deduct 8 5 of the paid up share capital from the gross profit calculation But what if company having 4 different units and different location and having its own profit and loss account And there is only one balance sheet Consolidated which consists

Tamil nadu vat & cst: commodity code and vat % for leather

Dear Sir Madam Could you please provide me the details of TAMILNADU VAT CSTs Commodity codes and VAT percentage for the goods below Dealer Type Trader 1 Leather Bags 2 Leather Belts 3 Leather Wallets 4 Leather Garments 5 Leather Footwear 6 All Leather Goods I have Searched all the related websites i

Vat/cst

Dear Expert kindly give me full details of my question Example I purchase goods from china to India and my i have only 1 registered branch in Ahmedabad Gujarat my imported goods s destination port is JNPT Mumbai and i want to sale goods direct to chennai s buyer and i want supply goods by truck JNPT

Cst-forms for fy 2016-17

I had uploaded application for CST forms for FY 2016 17 and downloaded acknowledgement too on 14th April I have still not received email sms from Mahavat of approval forms are ready for download I have also uploaded all quarterly returns for FY 2016 17 I guess for FY 2016 17 we do not need to upload

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File Download

  • IT calculation FY 2017-18 salaries

    I m pleased to share the attached IT calc FY 2017 18 on salaries it includes NSC vii issue interest calc rent receipt form and computation sheet The file compatible with ms excel 2003 ver it will also work with other versions The controls assigned at cell levels as per IT rules provisions The HRA rent hence if you get arrears of previous months you can get it distributed monthly basis to compute the tax correctly The tax calculate with the formula of marginal relief i e in case levy of surcharge on Income tax for the taxable salary above 50lakh and 1crore I shall appreciate and welcome your suggestions Best regards Vijay
  • First Ever GST Compliant Excel Billing Software (Must Try)

    Full Fledge Billing Software for Business 1 Complete Billing Software 2 100 GST compliant with format published by GST Council 3 Retail and Tax Bill Bifurcation 4 Automatic applicable IGST CGST and SGST calulation 5 Transfer all bill data to another sheet automatically for analysis 6 Automatic Challan Generation 7 Perfect Print Setup 6 One Click Printing 7 One Click Back up of each invoice in different Folder 8 Back up will be retail bill wise and Tax Bill Wise 9 Completely working based on formula 9 Flexible Formulas 10 Full Customized 11 Client Database with each and every detail 12 No need to input details of party every time 13 only put x in the first column of database and all the details will be transferred to invoice sheet Filters will not work in trial version Pro Version 1 Automatically cloud backup of all invoices 2 Automatic GST rate calculator based on HSN Code will be available as soon as GST rates are published 3 Automatic GST rate calculator based on Name of Goods will be available as soon as GST rates are published 4 Monthwise analysis of Party wise sales monthwise IGST SGST CGST liability calculation 5 1 week trailing for GST return filing and this software with fulfillment of custom requirement of business 6 Automatic transfer of sales invoice data in the form of outward return of GST outward return is to be filled in form GSTR 1 every month 7 Free 1st GST return filing How to use 1 First enter the data of party in database if already entered than put x in the first column 2 in the invoice sheet enter the particluars enter bill no and date from drop down and other details as required 3 click on back up another file will be created in the other folders 4 Finally click merge it will transfer data in the merge sheet Done As simple as that Feedback or Contact smit gstmadeeasy com or 91 9033253395 Enjoy
  • Service Tax Calculator

    Calculator for Service Tax calculations A Y 2017 18
  • Form 16 part B with Vlookup and tax calculation formulas

    this is an open source spread sheet file useful for the F Y 2016 17 relevant for A Y 2017 18 Prepared with the intention of learning the importance of vlookup and if function in excel please leave your comments for the suggestions if any Thank you one and all in advance
  • Income Tax Calculator- FY 2015-16,2016-17,2017-18

    This Income Tax Calculator is designed for Salaried Peoples Employers can use this for calculating Income Tax on employee s Salary and can deduct TDS as per the Calculation If you have any query or suggestion please mail me to sabuvjosephpkd gmail com or call 9349973685

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Articles

Convertible Bonds Calculations - Equity & Liability portion - Ind AS/ IFRS


Many of our readers requested to share actual calculation and the process to bifurcate any convertible bonds between Equity Liability and its related Journal Entry Let s refer some relevant guidance reference related to these kind of convertible bonds and its related calculation as mentioned in acco


Calculation of Limits u/s 186 of the Companies Act, 2013


Subject Brief Note on Limits specified u s 186 of the Companies Act 2013 S 186 of the Companies Act 2013 is applicable to all the Companies Earlier corresponding S 372A of the Companies Act 1956 was applicable only to Public Limited Companies We hereby give gist of the section in brief Limits adsbyg


Registration for VAT TIN and CST TIN in Gujarat


A lot of queries cometo mind when one thinks about taking registration under Gujarat VAT and CST Laws Some of the queries and their answers are published as follows for the benefits of the readers 1 What is VAT CST TIN Sales Tax Answer VAT means Value Added Tax On Sales CST means Central Sales Tax T


Overview of CST - Impact on Other Indirect Taxes


Overview of CST Including Impact of other Indirect taxes Introduction The provisions of various local VAT K Vat Act 2003 and the Rules made thereunder concentrates on the sale or purchase of goods within the State whereas the provisions of C S T Act 1956 and the Rules made thereunder formulates the


New online registration system for MVAT and CST


Background With reference to my previous article on revised registration procedure as per circular 4T of 2015 where common form for registration of MVAT CST PTRC PTEC Now Department has come up with new circular 5T of 2015 dated 07 05 15 where you will surprise to here that registration can be obtai


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Updated on : 4/26/2017 10:28:14 PM


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