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how to issue invoice ?

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 January 2011 Dear Experts,
I have purchase Utensils 3000 No.@Rs.250 = Rs.750000 + Packing,forwarding & postage Rs.74561 = Rs. 824561 + CST@2% Rs.16491 = Rs. 841052 I received all bills.

now i saled all 3000 No.@Rs.500 (including VAT & Forwarding,postage,Transporation Exp.)= Rs.15,00,000/- in my state my state rate for utensils is 4+1%=5%

How much VAT & CST I have to Paid against these purchases? How much I can reduced my VAT ? please help me




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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
22 January 2011 You have to pay 5% VAT on Rs. 15 lacs. No credit is available for CST input credit.
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