PL LET ME KNOW IF THE FINISHED PRODUCT IS TAX EXEMPT WHETHER WE CAN PURCHASE RAW MATERIALS FOR MANUFACTURING PURPOSE UNDER CST RATE. WE CAN SAVE 9.5% TAX IF WE PURCHASE THE ITEMS FROM OUTSIDE STATE. THAT IS WHY, THIS DOUBT. PL CLARIFY
Data:
The rate of VAT of Paddy 4% (i.e raw material)
The rate of VAT of chuda -exempted (i.e.the final product)
C.S.T. NIL
State: Orissa
If a person purchases paddy from within the state then he has to pay VAT @ 4% and thereafter he sells the final product which is exempted from tax.
But what happen when the same person will purchase paddy from any neighbouring state, assuming that the rate of CST is 0%.
a)whether he will have to pay VAT on the purchase price if it is purchased from outside state. what are its pros & cons.
hai friends
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R/Sir,Madam
I am a student of C.A.Final..N Basically from Karnal...I want to do coaching for my finals in delhi....Plzzz suggest me best teachers and books so dat i could continue my study...... n please tell me the charges of these coachings......
plzzzzzz..... help me hope dis will b considered.......
wating for reply
Hi...
I m passed the CA Final( 1st Attempt ) in May'07. My articleship is still pending for 9 and half months and I want to join Industrial Training. Please inform me if there is any opening for Industrail Training.
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Last year we had not charged depreciation, but this year we want claim deprecion on trucks. Can we do that?
SIR/MADAM
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