Answer Posted / rama
Indirect Tax is charged not directly its charged by the
other third party but paid by the 1st (seller) to the gov.
For eg: we sale product Rs.200 to the party in this the
seller (1st party) add VAT @12.5% that means total amount
is R.225. then 2nd party sale the product in the market to
consumer with inclusive VAT . But the seller will submit
the tax to the gov. But this tax is paid by consumer.
| Is This Answer Correct ? | 21 Yes | 13 No |
Post New Answer View All Answers
Why you choose commerce faculty & not science or Why you are in commerce & not in science ?
proprietor pays the hotel expenses of foreign client by his icici bank credit card. and then he pays the credit card bill by canara bank current account. how to pass entries in tally for this secnario
what is mixed invoice, prepaid invoice,quick invoice,podefault invoice,withholding tax invoice,please explain me in detail?
Can someone tell me about SAP FI/CO test questions?WHat are the main things we must know?
Examples of automatic generated content material of car logbook loans?
how can i make configration relation with inflation in sap
Dear sir, I have complete B.com in march 2007, for past 4year i am doing some marketing jobs in insurance sector, now i need to change my job in accounting sector, i have heard that by doing SAP Fico there will be better opurtunity in corporate companies.
how Mis reports are used?n why it is used ? explain
PO Amount is 100000 Jv is Purpose A/c To Party A/c First payment is 10000 TDs is 1000 What is the Payment enter in tally
What Is Depreciation, and from which date do we charge Depreciation for an asset ?
define holding company,public company, if the compnay be a public company what will the criteria? asked on 30/7/09
Aravinda Financiers sanctioned a loan of Rs 250000. A cheque was sent after adjusting processing charges Rs 247250 Pass necessary entry
pl send me SBI previous question papers for clerical post to my email id :jahnavi_devi@yahoo.com
differnce between the 4.7 & 6.0 versions?
How good are you at Finance?
