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How is sales tax and vat calculated ?

 

 

State VAT for sales made in the same state (buyer and seller are located in the same state). Central Sales Tax for sales made interstate (where buyer and seller are in different states). Other than these there is no tax payable on sale of goods.

 

VAT - payable on all sales where the buyer and seller are in the same state. The rate of vat depends on the nature of goods being sold and can vary from 1 to 14.5 percent. Each state has a VAT Act and a VAT Schedule and all rates are chargeable in accordance with this. Note that VAT rates for the same article can be different depending on which State you are in e.g., the VAT rate in Delhi on sale of a pen may be 4 percent while the VAT rate on the sale of the same pen in Karnataka may be 12 percent.

CST - payable in all circumstances where the buyer and seller are located in different States. Flat rate for CST right now is 5 percent (other than for declared goods, but that isn't something that is bought and sold on e-commerce sites, so beyond the scope of the question). The reduced rate of 2 percent is typically applicable to B-2-B sales on production of what is called a C-Form, also not relevant here

 

Rate of tax depends on whether it is an inter state transaction (as defined by the place of the buyer and seller) or a intra state transaction. If the it is inter state and the buyer is registered, that means he can provide a c form, it is 2% CST. Otherwise CST has to be paid at the rate of the local State VAT.

Sale price on which tax needs to be calculated in the consideration that the dealer gets for the goods. This gets very interesting when you have a site which is platform where buyers and sellers meet, like ebay etc. which charges a commission helping the buyers and sellers meet.

I think the rate of tax should be calculated on the money that is paid to the seller after deducting the commission that the intermediary site charges is deducted. Even the shipping charges can be deducted from the sale price if they are charged separately (shown separately and same amount paid to transporter)
 

CST has to paid if it is an inter state txn, at the local state VAT rate if the buyer does not provide a c form. There are two different accounts into which you need to transfer money - one for CST and another for State VAT. 

--------------------------------------------------------------------------

Frankly e commerce websites in India are not following any set rules to pay taxes as there are so many ambiguties. Spply the bigger companies which have foreign investment in them. If you want to do an absolute legit business then according to the law apart from paying all taxes etc. you need a form from the customer which says the goods purchased is for personal use. This form you need to send it with the courier.

Also if you are charging delivery along with VAT CST there is also the ques. of service tax. However no one is following this as far as I know.

So what are they doing?

In case of drop shipping just ask the vendor to make the bill and show your cut in his books as commission hence you just pay TDS/Service tax . Rest of the taxes you need not worry about.

In case the product is being shipped from your inventory then the VAT/CST nonsense comes in.

One can apply for a Compositioin Scheme if they are a small vendor (less than 50lacs) and can pay a single tax rate for no matter where they ship.

However most website sales are way more than 50lacs an annum but what i have found out from very reliable sources working at e commerce websites is that they only pay the Vat rate applicable in the city. Why I dont know... But it is being done. This is one of the reasons why you dont see the tax amount in your e commerce invoice. So don't worry so much start off, If your company becomes worthy of an audit by the law I am sure you will have enough resources to get a clean chit!!

What you need to do by law: (Assume you are registered in Delhi)

Product in Delhi (in your inventory) sell in Delhi.

 Pay Delhi Vat :4.6%
Product in Bbay (in your inventory) sell in Delhi: Pay CST 4%
Product in Bbay (in your inventory) sell in Bbay: Pay CST 4%Product being dropshipped but bill is on your name and vendor is transparent then you will be double taxed but later you can reclaim the input VAT.

Product being dropshipped with vendors bill attached you get commision vendor pays TDS you pay service tax. TDS can be reclaimed.

Apart from all this you need to pay service tax on the amt. you charhe for delivery.

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email address and contact no. of news channels

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----------------------------

             1.editor@ibnkhabar.com                                          
2.anandl@abpnews.in

 ----------------------------------------------------------------------------------------------

CHANNEL V
Star India Pvt. Ltd.
Star House, Off Dr. E Moses Road,
Mahalaxmi, Bombay, Maharashtra - 400 011
Tel. : +91-22-56305555
Fax : +91-22-56305050
URL : www.channelv.india.com

NETWORK18, CNBC, CNBC India/TV 18/ CNBC AwaazTV 18 India Ltd.
601,Commercial Tower, Hotel Le-meridien
Raisina Road, New Delhi - 110001, India.
Tel: +91-11-41506112 -14
Fax: +91-11-41506115
MUMBAI: Empire Complex, 1st Floor,
4/4 Senapati Bapat Marg, Lower Parel,
Mumbai - 400013
Tel. : +91-22-56509598
INDIA TV
Independent News Service
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401 C, 4th Floor,
Annie Besant Road,
Worli, Mumbai - 400 018
Tel : +91-22-39501837
Mr. Arun Poddar, Head of Distribution

NDTV Profit, NDTV India, NDTV 24x7
NDTV India
New Delhi Television Limited
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New Delhi - 110 048
Tel. : +91-11-26446666 Fax: +91-11-26461740,
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Email : feedback@ndtv.com

ZEE CINEMA, ZEE MUSIC, ZEE NEWS,
ZEE TV, Zee Akash 24 Ghanta, ZEE Marathi, ZEE BANGLA, Zee-Trendz
Zee Turner Pvt.Ltd.
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Dr.S.S Rao Road, Parel, Mumbai,
Maharashtra 400 012
Tel. : +91(22)56971234
Mr Siddharth Jain, CEO
Email : jains@zenetwork.com

ZOOM TV
Times Entertainment
1st floor,Trade Garden,
Kamla Mills Compound
Senapati Bapat Marg, Lower Parel,
Mumbai 400013
Tel: 022 - 24810000
E-mail: zoom.television@zoom-television.com
 ---------------------------------------------------------------------------------------------------
India TV                             mail@indiatvnews.com           
Independent News Service Pvt. Ltd. India TV Broadcast Centre
B-30, Sector 85, Noida 201305, India
Phone: +91 120 3051000 Fax: +91 120 3051020

Mumbai: 401 c Poonam Chamber ,Dr AB Road Worli, Mumbai-400018
Tel: +91 (022)-24937130
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----------------------------------

 

 feedback@ndtv.com,
    info@aajtak.com,
    sudarshannews@gmail.com,
    wecare@intoday.com
    mail@indiatvnews.com
    mailto:mtbedit@gmail.com  Mumbai Tarun Bharat ( Marathi ) ,
    pratikkriya@expressindia.com
    editor@expressindia.com
    editor@hinduvoice.in   --Monthly Magazine Hindu Voice
    vivekwkl@rediffmail.com  --Weekly Marathi VIVEK 
    response@zeenetwork.com
    editor@chauthiduniya.com
    cj@sudarshantv.com
    mailto:respons@startv.com
    rjbhushan@radiomirchi.com
    nashik.times@timesgroup.com
    mailto:reportersgeneral@hindustantimes.com
    nbtbindaasbol@indiatimes.com


emails ID of news correspondent at Gurgaon:

aaj tak <rajaajtak@gmail.com>,
Dainik Bhaskar <duttrajeev@gmail.com>,
Dainik Hindustan <sarvesh0908@yahoo.com>,
Dainik Jagran <adityarj27@gmail.com>,
Dainik Tribune <yadrambansal@gmail.com>,
haryana news <just_kumar@rediffmail.com>,
Haryana Samvad <editorsamvad@gmail.com>,
IBN-7 <anilmanchanda1@gmail.com>,
"IBN-7." <anilmanchanda.ibn7@gmail.com>

India TV <parveendahiya.in@gmail.com>,
Live India <ajay443@gmail.com>,
Live media <livemedianews@gmail.com>,
Mail Today <reporterfaizan@gmail.com>,
star news <lata.starnews@gmail.com>,
Star news TV <assignment@starnews.co.in>



Asian Age, Delhi ... ... medasia@giasdl01.vsnl.net.in
Asian Age, Bombay ... ... asian@bom2.vsnl.net.in
Business Standard ... ... editor@business-standard.com
Deccan Chronicle ... ... info@deccan.com
... ... deccan@hd1.vsnl.net.in
Mid-Day, Bombay ... ... mid-day@giasbm01.vsnl.net.in
Business Line ... ... BLEditor@thehindu.co.in
Pioneer, New Delhi ... ... pioneer.edit@thepioneer.sprintrpg.ems.vsnl.net.in
Observer-Mumbai ... ... observer@bom3.vsnl.net.in
Observer-Delhi ... ... observer@del2.vsnl.net.in
Maharashtra Herald ... ... herald@giaspn01.vsnl.net.in
The Telegraph, Calcutta ... ... the_telegraph_india@newscom.com
The Hindu, Madras ... ... thehindu@indiaserver.com
Times of India, Delhi ... ... times@giasdl01.vsnl.net.in
Inter-Press Service ... ... ipsindia@del2.vsnl.net.in
Reuters, Delhi ... ... delhi.newsroom@reuters.com

India Abroad

US office ... ... iapi@mcimail.com
Delhi office ... ... iaindia@del2.vsnl.net.in
Afternoon, Bombay ... ... webmaster@afternoondc.com
AP Times ... ... webmaster@aptimes.com
Indian Express ... ... feedback@expressindia.com
The Statesman ... ... webmaster@thestatesman.org
Indian Express (Madurai) ... ... express@giasmd01.vsnl.net.in (also for Dinamani)
The Hindu, Chennai ... ... thehindu@indiaserver.com
Hindustan Times ... ... htedo@giasdl01.vsnl.net.in
Malayala Manorama ...... mml@malayalamanorama.com
MP Chronicle ... ... letters@mpchronicle.com
Humanscape (mag) ... ... humanscape@bitsmart.com
Sanjevani, Bangalore ... ... svani@sanjevani.com
Navhind Times, Goa ... ... navhind@bom2.vsnl.net.in
Herald, Goa ... ... hppltd@bom2.vsnl.net.in
Gomantak Times, Goa ... ... gomantak@bom2.vsnl.net.in

South Asia
Haveeru (Maldives) ... ... haveeru@haveeru.com
Himal, Nepal ... ... himalmag@mos.com.np

Magazines
Frontline ... ... mdaaa40@giasmd01.vsnl.net.in
The Week ... ... editor@the-week.com
Ecologist (Asia) ... ... admin@ecologist.ilbom.ernet.in
Economic & Political Weekly ... admin@epw.ilbom.ernet.in
epwl@shakti.ncst.ernet.in
Down to Earth ... ... csedel@cse.unv.ernet.in
Deccan Herald ... ... decnet@blr.vsnl.net.in
Business India ... ... edit.big@axcess.net.in
New India Digest ... ... nid@giaspn01.vsnl.net.in
The Examiner, Mumbai ... ... anthony@bom2.vsnl.net.in
Communalism Combat, Mumbai ... sabrang@bom2.vsnl.net.in

Feature services
Centre for Env. Edn ... ... cee@ad1.vsnl.net.in and
cenvirai@giasbg01.vsnl.net.in
TWN Features ... ... oibs@bom2.vsnl.net.in

Internet-based news
IndiaNewsNet ... ... india-news@indnet.org

Some More emails : 

rajnishnair@mbi.jagran.com,  banglore@bgl.jagran.com, mail@indiatvnews.com

,mailto:editor@tehelka.com  , feedback@tehelka.com ,bhadas4media@gmail.com  ,

shravangarg@bhaskarnet.com  , mail@indiatvnews.com , info@tv9.net, 

response@tv9.net,  info@sstmedia.com,  news@indiavisiontv.com, 

web@indiavisiontv.com, feedback@ndtv.com, editor@ibnlive.com , info@aajtak.com,

sudarshannews@gmail.com, wecare@intoday.com, mail@indiatvnews.com,

mtbedit@gmail.com,  pratikkriya@expressindia.com, editor@expressindia.com,

editor@hinduvoice.in, vivekwkl@rediffmail.com , info@zeenetwork.com ,

response@zeenetwork.com, editor@chauthiduniya.com, cj@sudarshantv.com,

respons@startv.com, rjbhushan@radiomirchi.com, nashik.times@timesgroup.com,

reportersgeneral@hindustantimes.com, nbtbindaasbol@indiatimes.com,

editor@ibnkhabar.com, rajaajtak@gmail.com, duttrajeev@gmail.com,

sarvesh0908@yahoo.com, adityarj27@gmail.com, yadrambansal@gmail.com,

just_kumar@rediffmail.com, editorsamvad@gmail.com, anilmanchanda1@gmail.com,

anilmanchanda.ibn7@gmail.com, parveendahiya.in@gmail.com,

ajay443@gmail.com, livemedianews@gmail.com, reporterfaizan@gmail.com,

lata.starnews@gmail.com, assignment@starnews.co.in,

feedback@hindustantimes.com, toieditorial@timesgroup.com,

jaideep.bose@timesgroup.com, editor@expressindia.com, editor@amarujala.com,

contact@thepunjabkesari.com, vkhatwani@nda.jagran.com,

rajnishnair@mbi.jagran.com, banglore@bgl.jagran.com, aloksanwal@jagran.com,

syndications@intoday.com, medasia@giasdl01.vsnl.net.in, asian@bom2.vsnl.net.in,

editor@business-standard.com, info@deccan.com , deccan@hd1.vsnl.net.in,

mid-day@giasbm01.vsnl.net.in, BLEditor@thehindu.co.in,

pioneer.edit@thepioneer.sprintrpg.ems.vsnl.net.in,  observer@bom3.vsnl.net.in,

observer@del2.vsnl.net.in,  herald@giaspn01.vsnl.net.in,

the_telegraph_india@newscom.com, thehindu@indiaserver.com,

times@giasdl01.vsnl.net.in, ipsindia@del2.vsnl.net.in, iapi@mcimail.com,

iaindia@del2.vsnl.net.in, webmaster@afternoondc.com, webmaster@aptimes.com,

feedback@expressindia.com, webmaster@thestatesman.org,

express@giasmd01.vsnl.net.in, thehindu@indiaserver.com, htedo@giasdl01.vsnl.net.in,

mml@malayalamanorama.com, letters@mpchronicle.com,

humanscape@bitsmart.com, svani@sanjevani.com, navhind@bom2.vsnl.net.in,

hppltd@bom2.vsnl.net.in, gomantak@bom2.vsnl.net.in, haveeru@haveeru.com,

himalmag@mos.com.np, mdaaa40@giasmd01.vsnl.net.in, editor@the-week.com,

admin@ecologist.ilbom.ernet.in, admin@epw.ilbom.ernet.in, epwl@shakti.ncst.ernet.in,

csedel@cse.unv.ernet.in, decnet@blr.vsnl.net.in, edit.big@axcess.net.in,

nid@giaspn01.vsnl.net.in, anthony@bom2.vsnl.net.in, sabrang@bom2.vsnl.net.in,

cee@ad1.vsnl.net.in, ce Aaj Tak , Aaj Tak , Aaj Tak , cj@sudarshantv.com, Dainik

Bhaskar , Dainik Bhaskar , DD News , DD News , editor@chauthiduniya.com,

editor@expressindia.com, editor@hinduvoice.in, feedback@ndtv.com,

harivansh@prabhatkhabar.in, IBN , India TV , info@aajtak.com,

info@zeenetwork.com, Jan Satta Express , kkgoenka@prabhatkhabar.in,

mtbedit@gmail.com, nashik.times@timesgroup.com, pratikkriya@expressindia.com,

rajaajtak@gmail.com, ranchi@prabhatkhabar.in,

reportersgeneral@hindustantimes.com, respons@startv.com,

response@zeenetwork.com, rjbhushan@radiomirchi.com, rkdutta@prabhatkhabar.in,

Santosh Kumar Srivastava , Star News , sudarshannews@gmail.com,

vivekwkl@rediffmail.com, wecare@intoday.com,  inews@zeenetwork.com,

mail@chauthiduniya.com, sudarshantv@yahoo.com, mail@sudarshantv.com,

nvirai@giasbg01.vsnl.net.in, oibs@bom2.vsnl.net.in, india-news@indnet.org,

anoop@ndtv.com,

MacBook Air-radical redesign for its Mac Pro

 Apple introduced a much-needed and 
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Since then, many Windows laptops have tried to copy the Air’s classic wafer-thin looks and it has inspired an entire “Ultrabook” category, created by Intel.

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Open httpd.conf file in your text editor. 

Find this line: Listen 80 and change it Listen 8079

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Amit Bhawani Tech Blog

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AAVIK KUMAR'S COMPUTER WORLD

HELLO EVERYBODY
i am planning to write my first e book"COMPUTER WORLD" all about computer .it is all in one book.
 so here is a first look of my book.

cover page of computer world

AAVIK KUMAR,aavik,aavik kumar

jobs

Inspirational short story 3

Chuan and Jing joined a wholesale company together just after graduation. Both worked very hard.

After several years, the boss promoted Jing to sales executive but Chuan remained a sales rep. One day Chuan could not take it anymore, tender resignation to the boss and complained the boss did not value hard working staff, but only promoted those who flattered him.

The boss knew that Chuan worked very hard for the years, but in order to help Chuan realize the difference between him and Jing, the boss asked Chuan to do the following. Go and find out anyone selling water melon in the market? Chuan returned and said yes. The boss asked how much per kg? Chuan went back to the market to ask and returned to inform boss the $12 per kg.

Boss told Chuan, I will ask Jing the same question? Jing went, returned and said, boss, only one person selling water melon. $12 per kg, $100 for 10 kg, he has inventory of 340 melons. On the table 58 melons, every melon weighs about 15 kg, bought from the South two days ago, they are fresh and red, good quality.

 

Chuan was very impressed and realized the difference between himself and Jing. He decided not to resign but to learn from Jing.

successful person is more observant

My dear friends, 

 more successful person is more observant, 

think more and understand in depth.

 For the same matter, a more successful person sees several years ahead, while you see only tomorrow. 

The difference between a year and a day is 365 times, how could you win?

Inspirational short story2

Thomas Edison tried two thousand different materials in search of a filament for the light bulb. When none worked satisfactorily, his assistant complained, “All our work is in vain. We have learned nothing.”

Edison replied very confidently, “Oh, we have come a long way and we have learned a lot. We know that there are two thousand elements which we cannot use to make a good light bulb.”

Inspirational short story

 

 

 hello friends 

 

who doesn't want to be successful i guess nobody,main problem between successful and unsuccessful people is successful people don't give up.

don't give up,try till the end.

1.Successful people have a target and goals

2.Successful people are constantly learning 

3.Successful people value their time 

4.Successful people are positive

Three simple rules in Life:
1. If you do not go after what you want, you will never have it;
2. If you don’t ask, the answer will always be no……………………..
3. If you do not step forward, you’ll always be in the same place

So, Dare to Believe ; Dare to Dream ; Dare to Achieve
                                                   Wish you Success

  

so i find out some Inspirational short story for my reader.

Once a bird asked a Bee, after a continuous hard-work, you prepare the honey.
But a man steals the honey. Do you not feel sad?
Then the Bee replied: Never… Because a man can only steal my honey not the art of making honey..!!

----------------------------------------------------------------------

Today, I asked my mentor – a very successful business man in his 70’s – what his top 3 tips are for success.  He smiled and said, “Read something no one else is reading, think something no one else is thinking, and do something no one else is doing.

-----------------------------------------------------------------------

 

How to Handle Insult http://www.sunnyskyz.com/feel-good-story/197/How-to-Handle-Insult

go here for success people 

http://rishikajain.com/tag/success/ 
http://boundless-living.com/category/who-doesnt-want-to-be-successful/
http://www.sunnyskyz.com/feel-good-stories 
http://academictips.org/blogs/ 

Toll Free Numbers (India) / Customer Care Service List

Computers/IT Customer Care
Adrenalin	1800 444 445
AMD	1800 425 6664
Apple Computers	1800 444 683
Canon	1800 333 366
Cisco Systems	1800 221 777
Compaq / HP	1800 425 4999, 1800 112 267, 1800 444 999
Data One Broadband	1800 424 1800
Dell	1800 425 9046 1800 444 026
Epson	1800 44 0011
eSys	3970 0011
Genesis Tally Academy	1800 444 888
HP	1800112267
HCL	1800 180 8080
IBM	1800 443 333
Lexmark	1800 22 4477
Marshal’s Point	1800 33 4488
Microsoft	1800 111 100
Microsoft Virus Update	1901 333 334
Quickheal	18002333733
Seagate	1800 180 1104
Symantec	1800 44 5533
TVS Electronics	1800 444 566
WeP Peripherals	1800 44 6446
Wipro	1600 345 3456, 1800 200 3456, 1800 333 312
xerox	1800 180 1225
Zenith	1800 222 004

Read more at TECK.IN: http://teck.in/useful-toll-free-numbers-of-india.html#ixzz2WEg2xZJ

how to find good domain names

hello dua salamnamste  my reader,
                                    
my friend do you want to register a company with different and unique NAME?

tired of thinking good name for your company?

so here is a unique idea.................

use famous mathematical,physical,musical,medical terms for your domain

here is best example for domain name 

 

 theta,

optics,

quantum,

decimal,

Hadron,

flux,

degree,

Abacus,

Quantum,
delta,

Helix,

Zeal,

Zigzag,

Lambda(lamda or lamtha) ,

Alpha ,

beta,

eta,

Quandary,

Quanta,

Hertz,

Hydra,

mezzo,