Hi. I need to ask on what value C form should be issued. if the seller is calculating the CST on the Basic amount+Excise duty and while he's taking the refund of Excise duty so he's not charging from the Buyer and so raising the invoice excluding the Excise duty.For e.g.:- below is the extract ledger of our seller

18/07/2015 To (as per details) Sales 70 4263499.00
01SALES [WELDED CMS XING] 3679970.00 Cr
01EXCISE DUTY DEPOSIT 499931.00 Cr
01C.S.T 2% PAYABLE (AG.C'FORM) 83598.00 Cr
New Ref 70/18.7.15 18-Jul-2015 4263499.00 Dr
BEING MFG AND SALE OF WELDABLE CMS XING 1SET 08 NOS @ 3679970/-EACH SET


and he's raising the invoice inclusive of all taxes as on 37,53,569 and in tally buyer is showing the entry purchase A/c 36,79,970(Dr) + CST 73,599(Dr) = party 37,53,569 (Cr). on what value C form should be issued...??
Please reply urgently.

Please tell me on what value is the WCT TDS done in the state of MP. Unlike in Maharashtra where WCT tds is done merely on value exclusive of VAT and Service tax, our consultants say that in MP wct tds is deducted on entire Invoice amount. However i feel that if wct is done on entire bill amt inclusive of VAT & ST, it will lead to double taxation.This is not in line with basic tax logic. Pl. tell me what is the assessable value for calculating WCT TDS in MP state.If possible also let me know the section so that i can study it and implement.

My client has paid CST on goods sold interstate, however the goods were not accepted by the party and where subsequently returned and could never be sold due to its perishable nature, Can the CST amount be claimed as refund ?

My client Mr. X has sold the goods to company Y for further exports on form H, Howver form H have not been been received from Company Y, Can the claim be allowed by the department without producing H form considering the fact that all documents proving that the material was actually exported is available with my client because of common managerial interests ?

So it means CST is like sales tax which was practiced earlier. There will be cascading effect and not like vat because we can't claim CST on purchases as against on CST sales.
Plz Mr Rupesh can u explain me in details . coz I have lot of confusion in CSt. Or can I claim CST paid on purchases against output vat

Respected,

My VAT Registration No. under Gujarat value added tax act no is suspended due to non filing of VAT Return.
so can you please explain me procedure for the same.

I AM CIVIL CONTRACTOR WITH YEARLY TURNOVER OF 1 CRORES I AM CONSTRUCTING ONLY RESIDENTIAL HOUSE OF PRIVATE PERSON I HAVE NOT CARRIED ANY GOVERNMENT TENDER. WHETHER I AM LIABLE FOR VAT ON THE TURNOVER. MY AUDITOR SAYS I AM LIABLE FOR VAT AT 4% AND SERVICE TAX AT 14.5% OIN MY TURNOVER PLEASE GUIDE ME

Whether Vat will applicable on trading of food grains in Maharashtra.

1. What are the purchases we can take input VAT credit on paying Output VAT on Sales?

Please give reply.

whether purchase against c form affect on the cash liquidity of the concern if the goods are sold in state I.e purchase at 2% cst and sold at 12.5 vay