if the jewel trader give a gold to jewel maker for making a ornaments and then return back the ornaments to trader by maker. both are stay in separate state. whether the trader are want to pay the cst? if pay means tax could be levy from value of gold or value of ornament?

Please give a solution.

Sir hypothetical figures relating to my query for A.Y. 2005-06 in PUNJAB state are:

Sales subject to VAT Rs. 10,00,000
Consignment/Branch Transfer Rs. 5,00,000
Total sales Rs. 15,00,000

Total Purchases (4% + 12.5%) Rs. 10,00,000
ITC on above (4% + 12.5%) Rs. 1,00,000

Now i want to calculate the reversal amount (apportionment for branch transfer)??
I am little bit confused over 2 methods which are:
1st method:
Reversal amount= 1,00,000*5,00,000/15,00,000 = 33333

2nd method:
Reversal Amount= 5,00,000*10,00,000*4/15,00,000*100 = 13333

NOW WHAT IS THE CORRECT AMOUNT TO BE REVERSED?
PLEASE SOLVE MY QUERY RECITING APPLICABLE RULES AND TAX LAWS.

My query is about row no.(f) under "Sales Details" & row no.(j) under "Purchase Details".

Both are stands for Sales returns,Cash /trade discount & Purchase returns , Cash/trade discount respectively in VAT-15 of Punjab Value Added Act , 2005.

According to me these sales returns & purchase returns stands for both with in state sales returns & inter state sales returns but Tally Solutions are not satisfied with me and they are only considering, with in state sales returns for row no. (f) under sales details and with in state purchase returns for row no.(j) under Purchase Details.


now I wants to get Expert Opinion in regards to this.

Please also provide me any guidelines or notification by department relates to my query.

a reg. dealer in kolkata sales goods to a company in Delhi & bill is raising in the name of the company in Delhi. but as per the request of the company in Delhi by email/phone to deliver the meterial to another company in kolkata.

Is this a CST sale?
what is the formality to deliver the goods to another co. in kolkata.

Original Sales Price XXX
Add:- Excise & etc XXX
Add:- Other charges XXX
(eg. installation
Charges)
Total (A) XXX
Less:- Cash discount (XXX)
Less:- Transport (XXX)
charges
Balance (B) XXX

Question
1)Should VAT be calculated on figure B
2) Should we charge VAT on other charges like installtion also.

I have a complicated query.
There are 4 parties concerned in this so I am not sure whether I can purchase against C-Form or not.

Lets keep the parties as A, B, Y, Z
I am being represeneted by A and I am registered as Trader for certain commodities under CST ACT.
I am a distributor for products supplied by Y.
As a distributor, I have signed a contract to supply material to Z.
However, Z needs customised packing under their own branding.
Hence I have purchased customised rollers from B, sent it to Y for customised packing.

Now my query is since the roller item is not in my list of CST commodities, can I still purchase it from B on C-Form basis at 2%?

Help will be greatly appreciated.
Kindly list our the CST Act/Schedule under which the classification will fall.

Hi,

My company is a paper manufacturing company in Tamilnadu. Now they want to purchase waste paper from un registered dealers. The un registered dealers will not give proper tax invoice. In this case we have to pay purchase tax which I agree. whether I can claim the purchase tax paid by us as input tax credit.

Kindly help.

N.Nagarajan
Palani

My question related in Gujarat VAT

Output CST = 24082
Less: Input CST = 18747
Payable = 5335

Output VAT = 279054
Less: Input VAT = 171836
Payable = 107218

NET PAYABLE = 101883(107218 VAT - 5335 CST)

My above mention calculation is true? if false than give me the right calculation.

sir! my turnover of sales for the period 1st april 10 to 30th june 10 is Rs. 500001/- & for the same period turnover of purchase is Rs. 1000000/- (in which i have paid vat Rs. 80000/-) i have applied for registration on 5 jlly 2010.How i will fill the return form & get the credit of excess vat which i have paid at the time of purchase.... is it possible to get credit of excess payment of tax....pls guide....

PLEASE HELP ME IN URGENT ..REQUEST..........................WE THE CIVIL CONTRACTOR OBTAINED COMPOUNDING PERMISSION FOR EACH WORK IN 4D FROM THE DEPARTMENT. IN THAT 4D FORM BOTTOM SIDE CONDITION (2) PRINTED AS "PERMISSION -HOLDER SHALL NEITHER COLLECT TAX NOR CLAIM INPUT TAX CREDIT ON TAX PAID INPUTS.
SO INPUT TAX CLAIM IS NOT ALLOWED.-AGREED.

THEN MY DOUBT QUESTION IS WHETHER CAN WE COLLECT COMPUNDING TAX (3.03%) FROM THE AWARDER ?? AND HOW WE WILL SHOW IN 8CA INVOICE BILL?? (NOTHING SEEN IN THE ACT )iF SO PLEASE GIVE ME ADVICE & DETAILS