ALLInterview.com :: Home Page            
 Advertise your Business Here     
Browse  |   Placement Papers  |   Company  |   Code Snippets  |   Certifications  |   Visa Questions
Post Question  |   Post Answer  |   My Panel  |   Search  |   Articles  |   Topics  |   ERRORS new
   Refer this Site  Refer This Site to Your Friends  Site Map  Bookmark this Site  Set it as your HomePage  Contact Us     Login  |  Sign Up                      
Google
   
 
Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1904)
 Accounting General interview questions  Accounting General Interview Questions (2829)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4369)
Question
what is the formula to calculate the VAT , ST,Excise 
payable to govt
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
vat is of two types input vat which is calculated on
purchases and out put vat which is calculated on sales.
when ever we are calculationg vat first we have to see what
percentage catergorie that commodity belongs to 14.5% or 4%
or 1%. After that on total amount of sales or purchases of
that particular year should be taken to calculate the vat .
on that amount percentage should be taken. ex: sales
amount*14.5% or purchase amount*14.5%.

service tax is calculated on turnover at the rate of 10.3%.
this 10.3% includes education cess and higher education
cess.

Exicse duty is the indirect tax levied by the state on the
manufacture or production of goods in india.The rate of
excise duty was 16.5% before 1April08.From 1stApril,the
rate has been changed to 14%.
 
Is This Answer Correct ?    14 Yes 1 No
Ellipila.sirisha@gmail.co
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
I got 3 houses in Hyderabd from which i am not getting any rent because In A house i occupied for my family, No.B was occupied by My father and C was occupied by my sister.I am putting Nil in the column mentioned for income from house property. Is it right or wrong pl let me know   2
WE HAVE PAID SALARY 200000 PER MONTH a)COMPANY ALSO PAID HER HOUSE RENT WHICH IS 12000/- MONTH. b)FURNITURE PROVIDE WHICH COST IS 175000/ I WANT SUGGESTION HOW DEDUCTED HER TDS PER MONTH   2
what is tax rate in haryan with surchage agst D1 form , C form and full rate of tax in haryana   5
What are the benefits to an Employee to deduct TDS from his Salary ?   3
what r the heads of taxation Mphasis 8
can i issue tax invoice or retail invoice in case of form 38(road permit) available and tin no. applied for and tax rate CST 2% or full 12.50%(seller delhi buyer haryana)   4
I have a question, is telephone service tax, credited card service tax which is paid by me (input) adjustable against output service tax   2
What is the rate of TDS for commission?   7
i working chemical manufactoring company ,i purchase of raw materials for finished good that year was no sales that input is applicable or not , that input carry forward to next financial year it is possible or not   2
We are purchasing machinery from Mumbai supplier. Deliverable in Jamnagar & invoice is on our name (Maharashtra). Can we issue 'C' form?   4
I HAVE PURCHASE MATERIAL IN 3% CST FROM U.P.AGAINST FORM 'C'. AFTERTHAT I WILL NOT GIVE FORM 'C' THAN HOW MANY RS. PAID TO PARTY.   8
if we are deducting TDS on sodexo .4% means , wht the surcharge & cess in that IonIdea 1
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
Copyright Policy  |  Terms of Service  |  Articles  |  Site Map  |  RSS Site Map  |  Contact Us
   
Copyright 2013  ALLInterview.com.  All Rights Reserved.

ALLInterview.com   ::  KalAajKal.com