What is ITC and on which goods we can claim it?
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Answer / mihir
ITC = Input Tax Credit.
This relates to the Purchase Tax paid by any dealer or
manufacturer on purchase of Stock in trade or Raw materials
to be used for manufacturing.
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Answer / satendra kumar paswan
ITC = Input Tax Credit.
This relates to the Purchase Tax paid by any dealer or
manufacturer on purchase of Stock within the state of Raw
materials, packing material to be used for manufacturing &
maintinance items which is repairing purpose of production
machineries
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My company liable to paid Service tax for GTA (Goods Transport Agency) in Jan,Feb & March month. our Transport made on 15.02.09 and Transport bill accounted on 02.03.09. on 25.02.09 Service tax reduced 12.36% to 10.30%. So my quastion is what rate should i caluculate to paid the tax. while transport date (12.36%) or Bill accounted date (10.30%) pl tell me.
If we are placing the order in amazon on behalf of the customer who is ordered from other e-commerce sites and the goods is directly billed to the customer address from the amazon sellers and for the same we are receiving some profit at that in our books of account what entries need to be passed...?? do i eligible to get the ITC on the GST amount paid..??
SELLER A : has a w/house in chennai and bangalore both and the BUYER B is based in chennai. SELLER A carries stock in both the locations. Can BUYER B buy who is based in Chennai request purchase from Bangalore through C-form .. and if so will there be any obligation on the Seller A
Dear sir i am a contractor and making a invoice for Rs. 1500000= in which 1200000 for material and 300000 for labour charges how should i make a invoice with material and what will for format of invoice, if i make separate invoice for material and separate for labour charges what service tax and sales tax chaeges will be. and what TDS will party deduct on my bill. pls answer as soon as possible.
i want to purchase a machinary for company use, i want to purchase it from other state is c form applicable for that
3 Answers Advanced Bolting Solutions,
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