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tax computation of sales tax 2010-11

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Tax Computation (vat No. 19291010025) Tax Liability TAX PAID BALANCE A.)Works Contract Incl.Tax 6,055,421 Labour & Service @25% 1,513,855 - Tax @4% on 40% 2,422,168 96,886 Tax @4% on 35% 2,119,397 286,118 383,004 174907 208,097 C.)Purcahse Tax Mise Exp. 1,800,000 72,000 Printing & Stationery 400,000 16,000 Repair & Maintenance 300,000 12,000 Paking Exp. 100,000 40,000 Business Promotion 900,000 36,000 3,500,000 176,000 176000 - D).ITC Dissllowed Welding Electrode 28,028,549 1,121,142 1,121,142 Packing Material 336,539 13,461 Consumable 6,761,358 305,981 Gas 821,299 34,498 Furniture & Fixture 36,888 4,611 Mobile Exp. 490 19 Printing & stationery 8,739 410 Telephone Exp. 1,038 90 Electric Exp. 68,304 3,798 Computer Exp. 17,920 716 Computer 147,804 5,912 Fuel & Diesel 2,155 270 Reparing Charges 2,905 363 370,129 Colour & Paint(17:83) 3,855,879 655,499 520593 134,906 Mismath DevTechno Project 992,661 38,179 + Sunrise Entp. 540,338 60,038 Gavrill Corp. 939,555 36,137 + Jindal Steel & Power 567,935 21,843 + Shalimar Paint 368,709 49,498 Berger Paint 2,451,947 280,967 + Nisso Stil Industries 288,540 11,098 Vrinda Engineers Pvt ltd 4,772,324 183,551 Branch Sale 1,856,992 71,422 752,733 Total ITC Disallow 2,899,503 871,500 2,587,007 Opening ITC 2,871,094 2,871,094 Add :ITC Availed 36,104,274 36,569,048 464,774 Less :Clsoing ITC 11,682,322 10,353,418 1,328,904 Less : ITC Disallow 2,899,503 1,025,628 1,873,875 mismatch+electrode Less :Adjusted With CST 14,557,146 15,764,005 (1,206,859) Balance ITC 9,836,397 12,297,091 Tax Payable 13,140,832 12,887,068 253,764 Net Payable 3,304,435 589,977 2,714,458 Add Intt. 997,773 997,773 Total Due 4,302,208 1,587,750 695,500 tax paid (105,523) Tax Computation (vat No. 19291010219) Stock Transfer 129,684,815 total turnove 742,058,853 Less F-Form 95,653,691 add 34,031,124 34,031,124 4,594,202 237 O/Value C/Value 776,090,214 ITC AS PE 2871094 -1.2E+07 -171672 Sale U/s 6(2) 12,951,212 less Sale U/s 12,949,108 ITC AS PE 2699422 -1E+07 1328902 Less E1-Form 12,949,108 763,141,106 2,104 263 Cst Sale@2% 694,071,970 Tax 13,881,438 Total Sales INCl. Tax 707,953,408 Less : C-form 152,969,177 554,984,231 Less :CST 10,882,043 (10,882,043) 544,102,188 73,453,795 ITR adjusted as per book 15,764,005 ITR adjusted as per retu 14,557,146 1,206,859 Tax payable 68,373,076 Intt. 20,645,263 Total Liability 89,018,339

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Sheet1Tax Computation (vat No. 19291010025)Tax LiabilityTAX PAIDBALANCEA.)Works ContractIncl.Tax6,055,421

Labour & Service @25%1,513,8550.0Tax @4% on 40%2,422,16896,886Tax @4% on 35%2,119,397286,118383,004174907208,097

B.)Sale @13.50%558,72275,42755872275427Sale @13.50%12,829,0761,731,925128290771731925Sale @12.50%30,919,2743,864,909309408903867611Sale @4%172,739,1756,909,5671793317047174851217,046,24712,581,828223660393128498146614146C.)Purcahse TaxMise Exp.1,800,00072,000Printing & Stationery400,00016,000Repair & Maintenance300,00012,000Paking Exp.100,00040,000Business Promotion900,00036,0003,500,000176,0001760000.0

D).ITC DissllowedWelding Electrode28,028,5491,121,1421,121,142Packing Material336,53913,461Consumable6,761,358305,981Gas821,29934,498Furniture & Fixture36,8884,611Mobile Exp.49019Printing & stationery8,739410Telephone Exp.1,03890Electric Exp.68,3043,798Computer Exp.17,920716Computer 147,8045,912Fuel & Diesel2,155270Reparing Charges2,905363370,129

Colour & Paint(17:83)3,855,879655,499520593134,906

MismathDevTechno Project992,66138,179+Sunrise Entp.540,33860,038Gavrill Corp.939,55536,137+Jindal Steel & Power567,93521,843+Shalimar Paint368,70949,498Berger Paint2,451,947280,967+Nisso Stil Industries288,54011,098Vrinda Engineers Pvt ltd4,772,324183,551Branch Sale1,856,99271,422752,733Total ITC Disallow2,899,503871,5002,587,007

Opening ITC2,871,0942,871,094Add :ITC Availed36,104,27436,569,048464,774Less :Clsoing ITC11,682,32210,353,4181,328,904Less : ITC Disallow2,899,5031,025,6281,873,875mismatch+electrodeLess :Adjusted With CST14,557,14615,764,005(1,206,859)Balance ITC9,836,39712,297,091Tax Payable13,140,83212,887,068253,764Net Payable3,304,435589,9772,714,458Add Intt.997,773997,773Total Due4,302,2081,587,750695,500tax paid(105,523)Tax Computation (vat No. 19291010219)Stock Transfer129,684,815total turnover742,058,853Less F-Form95,653,691add34,031,12434,031,1244,594,202237O/ValueC/Value776,090,214ITC AS PER Return2871094-11682320 -171672Sale U/s 6(2)12,951,212less Sale U/s-6(2)12,949,108ITC AS PER A/C2699422-10353418 1328902Less E1-Form12,949,108763,141,1062,104263

Cst Sale@2%694,071,970Tax13,881,438Total Sales INCl. Tax707,953,408Less : C-form152,969,177554,984,231Less :CST10,882,043(10,882,043)544,102,18873,453,795

ITR adjusted as per books15,764,005ITR adjusted as per return14,557,1461,206,859Tax payable68,373,076Intt.20,645,263Total Liability89,018,339

Sheet2as per orderas per companyTax LiabilityGross Sale1,117,505,215.00CST on Sales15,764,005.001,133,269,220.00LessRourkela Sale(148,551,229.00)LessRourkela ED on Sale(5,380,335.00)LessJamshedpur Sale(944,744.72)LessJamshedpur ED Sale(97,308.00)LessJob Work(13,693,806.50)addSale of P/M558,722.64LessWork Contract(6,055,420.00)LessCST Sales (incl. Tax)(742,058,853.21)Taxable Sales217,046,246.21217,046,246 1Work Contract1,513,855.000.02,422,168.0096,886.722,119,397.00286,118.606,055,420.00383,005.32383,005.326,055,420383,005.36(0.04)

Sales In West Bengal2Sales @13.50%55872275,427.47Sales @13.50%128290761,731,925.2612,435,8871,678,829.76Sales @12.50%309192743,864,909.2530,940,8903,867,611.89Sales @4%1727391756,909,567.00173,940,1916,957,228.6712,581,828.9812,503,670.320.0

3Purchase TaxMise Exp.180000072,000.00Printing & Stationery40000016,000.00Repair & Maint30000012,000.00Painting100000040,000.00Sales Promotion90000036,000.00176,000.000.0176,000.004Welding Electrode280285491,121,141.961,121,141.96145,748.465Packing Material336,53913,46113,461.00Consumable6,761,358305,981305,981.00Gas821,29934,49834,498.00Furniture & Fixture36,8884,6114,611.00Mobile Exp.4901919.00Printing & stationery8,739410410.00Telephone Exp.1,0389090.00Electric Exp.68,3043,7983,798.00Computer Exp.17,920716716.00Computer 147,8045,9125,912.00Fuel & Diesel2,155270270.00Reparing Charges2,905363370,129.00363.00Colour & Paint(17:83)3,855,879655,499.00655,499.00520,593.23MismathDevTechno Project99266138,179.00Sunrise Entp.54033860,038.00Gavrill Corp.93955536,137.00Jindal Steel & Power56793521,843.00Shalimar Paint36870949,498.00Berger Paint2451947280,967.00Nisso Stil Industries28854011,098.00Vrinda Engineers Pvt ltd4772324183,551.00Branch Sale185699271,422.00752,733.000.00.0Opening Balance2871094Add -ITC36104274Less Closing Balance-1168232227,293,046.0027,293,046.00ITC DisallowWelding Electrode(1,121,141.96)(145,748.46)others(370,129.00)(370,129.00)Paint(655,499.00)(520,593.23)mismatch(752,733.00)(2,899,502.96)0.0(1,036,470.68)(1,863,032.28)Less Adjust with CST(14,557,146.00)(14,557,146.00)9,836,397.0411,699,429.32Less Tax payableWork Contract383,005.320.0Purchase Tax176,000.00(176,000)Sales In West Bengal12,581,828.9813,140,834.300.0(176,000.00)Net Tax Payable(3,304,437.26)11,875,429.32Intt Payable(997,773.00)0.0total Liability(4,302,210)11,875,429

2011-12365.002012-13365.002013-14180.00910.00intt(310,089.31)principal(1,036,470.68)(1,346,560.00)purchase tax(176,000.00)

Sheet3PurchaseITCSaleITCdiff In PurchaseITCOrderGavrill551554721213745759921760009395553613793955536137Shalimar94615591086448009461559108644836870949498Dev Techno1045528711480566462626110987839926613817899266138179Berger24519472809674518875373220000602272352451947280967JIndalSteel858073833002800858073833002856793521843Branch Sale4651957178921254964698063210231180858185699271422Nisso Stil Industries00000028854011098Vrinda55997042153730055997042153734772324183551Sunrise540338600380054033860038540338600384174153032998319464159126167332277371203815811839446716596


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