what diff. between panelty and interest in d-vat.what is
the rate of panelty and intrest?
Answer Posted / manjula s.s.
Penalty and interest is differecnce, when the company run
pay sum amt of Entry tax or sales tax when written vat 100
form every month.In one month the tranjaction did not take
place in that month because of posting wrong entry or
negligence of accountant. some month after it is findout by
sales tax officer when he visit the company that time he
will charge penalty. it means we never cheating the
government. he charges some amt of penalty.
Interest it is charged by bank. When the company or a
person take some loan from bank he has to pay the interest
on that loan that is called interest.
I didn't have idea about the rate of penalty and interest.
Is This Answer Correct ? | 1 Yes | 4 No |
Post New Answer View All Answers
Breif notes about accounting standards
What was key roles of Cashflow statement and Fund flow statement and Balnsheet..?
post pscwb question and answer for accounting paper I & II for govt.officers departmental examination.
Rs. 23.50 ( Rupes twenty three & paise fifty only) what is euro Conversion?
Aravinda Financiers sanctioned a loan of Rs 250000. A cheque was sent after adjusting processing charges Rs 247250 Pass necessary entry
WHEN IN ADJUST. GIVEN THAT THERE IS VALUE OF RS...., OBSOLESCENCE STOCK INCLUDED IN CLOSING STOCK RS.......,WHAT IS THE PROPER WAY TO SHOW IN INCOME STATEMENT AND POSITION STATEMENT.
What is finance lease
im preparing for the sbi clerical post please send me the solved questions.
Explain about Fluctuating Capital
What is discounting accounting and why depriciation of assets are mention in dicounting accounting?
in which group under we will open donation and hamali weekly payment account or ledger
plz tell me the finance questions asked in hsbc latest question asked in hsbc?
What is inter-corporate deposits? and where it is shown in balance sheet?
discounted our own note 60-18% for 4,500 note. the proceeds will be directly credited to bank account. what is the entry of this?
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