ACCT(Retd)
7197 Points
Posted on 25 September 2013
Mr AD Bhandari,
I assume that you have not opted for composition under any Act : Viz : VAT or ST and then the format will be as follows
& CO
Tax Invoice
TIN No .................. Date
Total Area 1000 sq ft @ Rs 4000/- ..... ........ Rs40,00,000-00
Add VAT @ 14.5% on(total cost-land cost 30%-
Labour ccharges 30%),40-12-8.4=19.6
lakhs) ...... ..... Rs 2,84,200-00
Add ST @ 12.36% on Rs8.4 lakhs.... ...... Rs 1,03,824-00
Add 5% on common amenities ....... Rs 2,00,000-00
Total amount ....... Rs47,88,024-00
Less advances paid...........
Balance payable...........
.......mjk