Answer / ravindra

statutary compliance means is to follow the rules
&regulations of law which includes Esi,minimum wages,
gratuity,bonus,PMT of wages.

Answer / lakshman

The statutory compliane are difference in various states,
typically statutory followed all the states are

1. Provident fund

2. ESIC

3. Professional tax/service Tax

4. Bonus Act

5.Gratuity

Answer / kiran b. suryavanshi

Statutory compliance
Statutory means "of or related to statutes," or what we normally call laws or regulations. Compliance just means to comply with or adhere to. So statutory compliance means you are following the laws on a given issue. The term is most often used with organizations, who must follow lots of regulations. When they forget or refuse to follow some of those regulations, they are out of statutory compliance. A company that follows all the rules, is in statutory compliance.

Many companies are out of statutory compliance, in part because the cost of following the rule is too high, and/or the consequence is too small to worry about. For example, when you start a new business in most USA cities, you are supposed to go down to the courthouse and file a form stating what business you are now in. If you don't file it, few people will ever notice, and if they do, they usually just tell you to file it now.

Any body plz guide me. I have making a invoice of 4% sales tax rate but actual rate of sales tax 5%.

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I want to know the Taxation entries manually like(TDS,VAT, Excise duty, Income tax, statutory payment entries)

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How to reconcilation of modvat

0 Answers   GCI,

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i have received bill from civil work contractor in that they charges Service tax & vat on same amount & .Please clarify

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what is TDS

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how many percentage tds we have to deduct at a bill with heading "being our professional charges towards supervision of local sampling and analysis of rapseed meal

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we have received " c" form against full rate of tax i.e 12.5% from the customers can we summiting in sales tax department for taken a refond as consisnal rate i.e 2% sale against "c" form , but party hasebeen mantion on the back side of from all value inclusive of taxes i.e full rate of tax can we utilised this form for consosnal rate ?

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what is the rates of depriciations for the year 2008-09 and how it is calculat?explain the methods of depriciations counting in asstes?

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if we sent our goods for selling purpose to our agents outsight the state, is there any need of sending c form to him or form 38

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One of my party i.e. ABC (prop. firm) is providing repairing/alteration service relating to Comm. Construction.. (not new construction), they have provided a repairing/alteration service to one co-op. bank...i.e. XYZ………. At the time of audit by central excise dept., officers has asked/directed to bank to pay the service tax by the ABC (for year 07-08 & 08-09)..... Now, my question is …..:Is my Party ABC liable to pay the service tax ?

2 Answers   ABC,

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we have received TDS Certificate (Form No 16A) from one company, we have checked online credited but they not credited to us (online credit)..how can i refund that amount. pls send us letter format

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If we are late sitting in the office after office Time then any expenses like Fooding charges is made during this hours is taxable under FBT??? If there are Two conditions 1. Staff take reimbursement of such expenses. 2- company directly pay expenses

1 Answers   Honda,

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