Answer Posted / s.n.dutta
CENVAT..(Central VAT)...A manufacturer of final product or
provider of taxable service shall be allowed to take credit
of duty of excise as well as of service tax paid on any
input received in the factory or any input service received
by manufacturer of final product.
CST (Central Sales Tax)... The tax is collected at one stage
of purchase or sale of goods. Therefore, the burden of the
full tax bond is borne by only one dealer, either the first
or the last dealer.
An Act to formulate principles for determining when a sale
or purchase of goods takes place in the course of
inter-state trade of commerce or outside a State or in the
course of imports into or export from India, to provide for
the levy, collection and distribution of taxes on sales of
goods in the course of inter-state trade of commerce and to
declare certain goods to be of special importance in
inter-state or commerce and specify the restrictions and
conditions to which state lawsimposing taxes on the sale or
purchase of such goods of special importance shall be subject.
| Is This Answer Correct ? | 1 Yes | 6 No |
Post New Answer View All Answers
how enter service bill in the tally and what is the process of service bill. aganst service charge @ 10.3%, sercharge 2% cess 1%
How goodwill is accounted for the first time in a company .
give me only one transactions in both side (debit&credit) should be in real accounts
what is controlership?
what is the accounting conventions
Why we have to present first and second draft(Bill of Exchange) for bank negotiation.Why cant we present only One draft?
3. You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.
Dear all, Could you suggest me that if got a job in a/cs in Big org but on payroll of Outsourcing company,What should to prefer the company payroll or job the ?
give the examples of Error of Duplication?and Error of compensatin? with entries
When is a dedit note raised When is an expense booked
Expand--------TOS
in what form is crr kept in RBI?
how a fund flow statement benefit the individual, corporate?
If i have a company in India doing purchase from Shrilanka, If i buy in Shrilankan local currency and make the payments in Indian Currency At the end of year how shall i settle the difference Exchange money in Books of Accounts.
what is circuit filter?
