whether sales tax can be levied on pre operative expenses
Answer / navanit
no , sale tax is levied on sale only. the operative expeses
is not considered as sale. so no sale tax is levied
Is This Answer Correct ? | 2 Yes | 0 No |
What is the minimum distance to be maintained from a residence area to oil depot ? Please mention the act name according which it is mentioned ?
If we are taking Input credit on purchase on the basis of origal VAT Invoices,but party didn't pay the tax to the the sales tax department.Is there is any provision in VAT laws that our Input Tax will be disallowed on that basis. If there is any circulars or notification on this matter then pls give me the reference No. Thanking in Advance Navin Srivastava
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Sir, I request you to please solve my problem as given below- One Corporate is having Manufacturing unit and Trading unit also. That corporate prepared joint Balance sheet & Profit & Loss account. As given below - Corporate 1 2 Manufacturing Unit Trading Division Annual Profit by sale of product Annual profit by sale of Product Manufactured with the help of out sourced from open market for Fixed Assets ( Land,Building,Plant & Rs.150 Crs and sold for Rs.200Crs. Machineries of Rs.100 Crs. Net Profit – Rs. 5 Crs. Net Profit -Rs. 50 Crs. Total Income by clubbing both - Rs.55 Crs. But – that Corporate can avail depreciation Rs. 5 Crs only and rest amount of depreciation may be forwarded to next year. Because depreciation is meant for actual uses of Fixed assets. Otherwise Corporate used to increase the value of assets by over billing just to get benefit of depreciation from the income . Income from trading may be manipulated easily but not from manufacturing.
I am a merchant exporter,I want purchase products of steel items from the registered dealer. what is the procedure for it ? and what procedure for the Excise rebate claims?
0 Answers Ahmedabad Steelcraft,
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what is MOI????