A LTD is manufacturing company and has excise registered godown at variuos places. I have following query
1. Can A LTD transfere goods from factory to Excise registered godown without paying Excise ?
2. What is the process to sell from this godown to customer under Modvat billing ?
3. are there any documetns or return filling requried from this godown

Suppose I am selling a product @ Rs.10000/- to end customer(inclusive of VAT) but to secure the due we have a tie-up with a finance co which provides EMI facility to customers & provide us Rs.9500/- net after deducting his charges Rs.500/-
Q-1.)At what amount sales to be booked Rs.10000/- or Rs.9500/-
Q-2.)On which amount VAT is to be paid?
Q-3.)Journal Entry for the same.....

Thanks in advance.....
Please guys reply ......

(Sharing is Caring)

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Dear all,
(from Andhra Pradesh)

i have CST and have purchased electrical items from tamilanadu with 2% tax

i sold that items in Andhra Pradesh and i collected 5% tax on that items(there is no input tax)

but few day back i came to know that there is 14.5% on that type electrical items

now my doubt is at which percentage of tax i have to pay to sales tax department?

please tell me

(b) Dealers with annual tax liability of rupees twenty thousand and above but below rupees forty crore for the year preceding to the current assessment year.
:- shall pay tax Monthly within 14 days from the closing of each month.

Question is..what does "annual tax liability" or "annual tax payable" meanse???

Dear All

Pls adive to the below query.

The transacion between A & B, A is registered dealer(Seller) who is in Mumbai & B is Unregistered dealer(end user) who is in Hyd(Buyer)

If the transaction making betweeen A & B ,way bill is complusay for the above inter state transaction.

Product is FIRE BRICKS.

Best Regards
Srinvasa Rao
9703155810