maharastra Vat/Cst

Suppose vat on your product is 12.50% And you have already charged 2 % via  cst from party so 12.50-2.00% = 10.50% Calculate 10.50% on taxable value i.e. 50500.00 and raise debit note of 5302.50

In absense of c form it will be treated like any other local sale and charged to local vat rat.

As you have already charged cst @ 2% and for balance raise debit note to party and pay difference amount to govermnet so as to avoid any interest and penalty in future.

Pls give me calculation of tax amt and int. amt for above transaction.

its urgent

Pl check local vat rate of this products & calculate

As per "C" fm recived                      In absence of "C" fm            Differnce (Debit Note)

Taxable Amt     50500/-                            50500/-                                        -

@ 2% cst             1010/-        12.50%         6313/-                                     5303/-

Total amt          51510/-                            56813/-                  

pls give me calculation of interest, suppose i issue debit note on 15.02.2011. and applicable VAT rate is 5%.

urgent.........

Originally posted by : Pankaj Arora
	Suppose vat on your product is 12.50% And you have already charged 2 % via  cst from party so 12.50-2.00% = 10.50% Calculate 10.50% on taxable value i.e. 50500.00 and raise debit note of 5302.50

PANKAJ SIR RIGHT