Hi,

Kindly solove the below illustration

1. Opening Stock zero
2. Local Purchase 100 quantities @ Rs. 10000, Rs.400 input tax
3. Local Sales of 50 quantities @ Rs. 5500, Rs. 220 Output tax
4. Interstate Sales of 50 quantities @ Rs. 5500, Rs. 220 Output tax
5. Total Input tax - Rs. 400, total tax collected - Rs. 440


what is the amount to be paid to Karnataka government?

We at Maharashtra had purchased material from Gujrat & he had charged 12.5% as a CST Rate without C Form ? What is the rate of CST without C Form purchased from Gujrat to Maharashtra

Sir Plz solve my following query

e.g. (Works Contract Value is 1000000/- Urd Raw Material @4% is Rs.300000/- RD Exempted Purchase Rs.200000/- which is liable to paid vat on margine @12.5% . Labour & Other Expenses is Rs.400000/- G.P.is Rs.100000/-) How can calculate the Vat amount on Works Contract?

A of Kolkata purchases goods from B of Mumbai. While the goods were in transit, A sales the goods to C of Kolkata as E-1 transaction. A and B are registered where as C is not registered and C cannot issue C form.

Q: 1) Whether such sale will be treated as E-1 sale?
2) Whether A can claim CST at Full rate from C?
3) CST to be charged where first sale is effected. Whether A is correct in charging CST at Kolkata?
3) Whether A can issue C form to B and deposit extra CST collected at Kolkata commercial tax dept?

i have to companies one situated at ludhiana and other branch office situated at delhi we transfer the goods from ludhiana to delhi along with form "F"
i wanted to know is this information about branch tranfer shown in vat return and please also tell me the procedure for this

sirs,
Treatment of Defferment of Sales Tax , whether paid to be expensed in P& L A/c ????

DEAR SIR,

I ISSUED H FORM TO MY SUPPLIER, IN HIS OFFICE HE HAS LOST THE H FORM, NOW HE IS ASKING DUPLICATE H FORM. CAN U TELL ME THE PROCEDURE TO GET THE DUPLICATE H FORM.

RGDS/HIREMATH

Where the main contractor has taken composition under MP Vat Act 2000 and sub let the work to another contractor then sub contractor is not liable to pay VAt tax.
but about the entry tax for the material purchased by sub contractor form outide Madhya Pradesh?
whether the sub contractor is exempt from entry tax ?
pls let me guide and advice.

Our firm is Retailer (in Maharashtra), is delaer of Sports Shoe Co. We receive purchases from Sports Shoe Co, Gurgaon against C-Form.
In 2008-09 Q3, we Returned material ( old stock/ Non-running Item ) of Rs.9 lakh to Sports Shoe Co, Gurgaon. This material is relating to Purchases within Six months = Rs. 1 Lakh ( Shoes ) and Purchases beyond six months = Rs.8 Lakhs (Shoes)
My consultant says, Purchase Return of Purchase relating beyond six months will not be treated as Purchase Reutn. What does this mean?
I am getting opposite views.
One View is: Purchase Return of Purchase relating beyond six months, should be treated as OMS Sale of my firm to Sports Shoe Co, Gurgaon and accordingly charge CST @ 12.5% or charge 2% CST against C-Form from Sports Shoe Co, Gurgaon.

Other view is: Nothing is to be done, since Proper Credit Note has been recd from Sports Shoe Co, Gurgaon against Debit Note send by us for Purchase Return.

One more view I got is: "Need not to worry..if you have issued proper debit note and also received the credit note from the party.. The restriction of 6 months applies to sales returns and not to purchase returns.. There is no need to pay any CST on purchase returns beyond 6 months... You can directly credit your purchase a/c with full return amount.. "

I am in puzzle. Can you help.

Pl help me to understand the Accounting treatment as well as the CST-VAT Treatment of above Pruchase Return.
If possible, kindly reply on my e-mail.
Regards,
Sanjay Agarwal
snjy_1 @ yahoo.com

We are into software development ERP & customised software and charging service tax.

Is VAT applicable in addition to Service tax.if so please give the notification or judgement copy.

Bala