Give the current rates urgent plz.................
service tax ?
vat ?
central sale tax ?
custom duty ?
13 Replies
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 11 June 2011
vat rates depend on states in punjab there are three rates.
nil
5.5%
13.75%
rachit jain
(chartered accountant )
(635 Points)
Replied 11 June 2011
for the 1st question, answer is A - 2717.39
rachit jain
(chartered accountant )
(635 Points)
Replied 11 June 2011
for 2nd question answer is C - 4550 coz 1 laptop and clothes are exempted and no custom duty upto 25000 for computer.
Ashish Jain
(.Net Developer)
(641 Points)
Replied 11 June 2011
plz rachit jain solve it step by step.............
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 11 June 2011
your first quetion's answer is
2717.39
rachit jain
(chartered accountant )
(635 Points)
Replied 11 June 2011
step of q 1
goods exclusive of cst = 3000*100/102 =2941.18
goods exclusive of excise = 2941.18*100/108.24 = 2717.3
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 11 June 2011
value including cst= 3000
value ex, cst= 3000/102*100=2941.17
hence value before excise= 2941.17/108.24*10=2717.39
Ashish Jain
(.Net Developer)
(641 Points)
Replied 11 June 2011
in Q 2. what about u say education cesses....
i think ans. 4687
thanks all
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