Please tell me that what is the formula of Input tax (Vat
input) disallowed in case of branch transfer? We have a
branch in Delhi and H.O in Faridabad?
Answers were Sorted based on User's Feedback
Answer / chander tiwari
Formula is
Total input Vat X Total Taxable sale
--------------------------------------
Gross sale (including Stock tfr)
Is This Answer Correct ? | 13 Yes | 7 No |
Answer / bijender yadav
Net Input tax X amount of brnach tranfer
---------------------------------------- = disallow
input vat
G.T.O. (Including stock transfer
Is This Answer Correct ? | 5 Yes | 3 No |
What is diff between Sales Tax
if bank deduct the tds, it should show in p&l or balance sheet?
Who is an assesse?
We purchase Electricals Cabel for Panel & Fitting for our company, we have issued Form "C" to above material purchase From OGS
How to calculate service tax in construction catatory
If any person or company received the service tax amount from client and he purchase a construction equipment / commercial vehicle , than can he adjusted service tax amount which payable by him agnst excise duty of construction equipment / commercial vehicle as per following condition:- 1. if company involve in only construction activity. 2. If company involve in construction and manufacturing activity both.
what is the proccesor to caculate the firm assement
WHAT IS THE LIMIT ABOVE WHICH WE CAN DEDUCT THE TDS ON VARIOUS CATEGORY LIKE PRIFESSION, CONTRACTOR, INTEREST, RENT, SALARY ETC.
what is F form E-I form and E-II form?
A Old Government Job retired Personnel who is getting his Pension amount@Rs.11000/- per month. He has put his retirement Fund in Bank Deposit for 1 year. No Bank is deducted TDS on that amount. Do we have any way by which his TDS can be refunded or saved
Penalty if Advance tax is not paid on time for Individuals and companies?
material sale seller to buyer, seller give to material to buyer against Form H, so what benefit to seller to submit Form H for vat purpose.