How to calculate net payable tax

Hello Everyone

I have started business few moths back and i am the proprietor of the business.I am the distributor and I purchase finished product for reselling in to MP from Rajasthan by giving form 49 to the company.

Company issued me the bill with the net ammont and 2% CST (against C form) and freight extra(i pay in cash directly to the transport company) .Now the company want me to issue the C form.

I want to know about how to calculate to total payable tax. What i know is there is 13 % vat and 2% entry tax on my product. Do i have to pay the tax on purchase?? Please help me about all tax procedure and precautions i have to take to run my business properly and can make profit.

Thank You

 

Replies (1)

cst paid by u on purchase of commodity  is not eligible for set off.

the amount of vat whatever u received from ur customer deposit it to the govt. of ur

state, only the amount of vat paidt by u via purchase of commodity can claim as

set off while calculating for working of vat.

is there amount of transportation charges showing in ur invoice bill  ?

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details