what is vat?
what is excise?
what is form c & d in sales tax?
- 43 Answers
- 197533 Views
- Aksh Optifibre Limited, CA, Cat Computer Services, DHL, Escorts, iFlex, Murjani, Precision Die Cutting, TCS, I also Faced
- E-Mail Answers
Answer Posted / krishna kumar
Vat is "value added tax". It is applicable only on
ragistered delars. They purchaging and saling the products.
Exp.
Product cost by manufacturer---100 Rs.
Delar has to pay to manufacturer
100 + Excise Duty 10.5(Only for manufacturer)=110.5
Rs.
Then delar will sale the product
(110.5+profit"8 Rs.")*1.04=123.24 Rs.
here .04 is vat applicable.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
how form h fill up?
What is the general format for a consolidated file extension? It is showing invalid file format? So how to solve the error? How to correct the file format? Help me how to know the general consolidated file format like is it tan no_finan.Yr-quarter-type.Tds is this format correct one? Last time i have found the extension as .Csi is it correct?
What is Stock Reconciliation Statement , why we make the Stock Reconciliation Statement.
Sir, We purchased coal from NCL on CST basis. An incentive is paid on the basis of performance basis of NCL. NCL Raise there incentive bill for Rs. 1000+CST2% Rs.20 Total Rs. 1020/-. But As per Our Calculation, Incentive bill should be Rs. Basic 900+18 (CST)total Rs. 918. We argue and disputed and paid only Rs. 918/- . After Some time they also agree that incentive amount should be Rs. 900+CST but Now they revised the bill like this Basic Incentive Rs. 900+CST Rs.20/- (Original Tax value). And now they are demanding C for with CST 20/- but our pleas is that we are not liable for the mistakes made by the NCL and will issue C for for Rs. 18 Only. Now They are demanding C for for difference of Rs. 2 of CST. My Question is what should be the actually value of C form for CST ie. Rs. 18 or 20. considering the fact that we accounted only rs. 918/- in books and disputed is resolved after one year for basic value.
I had filed e-filling IT Return for A.Y.2011-12 before 1yr but yet I have not get Refund & not seen refund status at on income tax site now I filed e-return for A.Y. 2012-13 now what i do for refund A.Y. 2011-12?
If a person purchased goods by paying vat but while selling no vat has been collected and if he is registering his firm under vat need to pay vat after registration?
what is procedure of calculation of TDS by bank?
sub hadding no. scrap & Wastage in corrugated box
We need to know is their any govt notification for VAT & Service both applicable for one item or single invoices
we are Rising contractors(Propritorship concern) and register with "mining of minerals" service. we rise the bills to mine owner (we do not add the service tax in bills) monthly. can we eligable for paid to service tax.
how i get h form
WHAT IS THE DIFFERED ASSET , WHAT IS THE PROVISION OF IT GIVT ME THE EXAMPLE WITH ENTERY ON MY E.MAIL sonidilip87@yahoo.com
i want know central excise duty codes with cess?
what was the VAT rate on inverters(home ups) in karnataka on 2016??
What do you understand by dissolution of firm?
