Answer / rajeev kumar

Your J.E. is
Capital A/c Dr 500000/
To Bank A/c 500000/-
(Being fund reced. from Bank)
And in B/s
capital a/c increase with 500000/-

What is Inter Company Reconciliation?

13 Answers   Aditya Birla, Ernst Young, Infosys, TCS, Thomson Reuters,

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What is meant by CST? What is use of that? Does we use the one state CST certificate to all over India? or else Will we apply CST for each and every state?

2 Answers  

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IF WE PURCHASE MATERIAL FROM OUTSIDE STATE FOR RS 100000 (INCLUDING CST) AGAINST C FORM. AND AFTER ONE MONTH WE ISSUED DEBIT NOTE FOR RS. 30,000 /- TO A SELLER. NOW WHAT AMOUNT WE FILL IN THE C FORM AT THE TIME OF ISSUE, 1,00,000 /- OR 70,000 /-

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How can we treat sales to Nepal by road. Is it treated as Export ? What are the supporting documents presented to Commercial Taxes Office

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If any one provide TDS and Service tax Rates from 2003 to 2010

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what is mean by wct

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Is the sales tax or vat applicable on sale or purchase of building and other fixed assets.

4 Answers  

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Our Factory in Gurgaon(Hrayana) & our another Branch(Shop)in Delhi.we are stock transfer factory to branch so what form we used & why.Please send me my mail id-rabinayak30@yahho.co.in Thanks(RABI)

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WHAT IS MEANIN OF DEPB LICENCE UNDER IMPORT & EXPORT

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AS PER VAT AUDIT WE HAVE REFUND OF RS.25000/- ON PURCHASE OF FIXED ASSETS WHICH WE DID NOT CLAIM LAST YEAR, NOW WHAT ENTRY SHOULD WE PASS IN BOOK. ITS URGENT

0 Answers   IBM,

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I have some queries about Service Tax, I am working in a Insurance Broking Company. 1) We have raised one bill on 25.04.09 for the services provided by us in the month Mar, 09 Now We received the chq on May, 09 followed in the Month of June,09. When the service tax is actually payable in the month of received of Service tax amount or in the month of services actually provided by us (Mar09) 2) Can we take 100% credit of Service Tax Input paid to those who provided services to us. Suppose Service Tax payable is Rs. 100/- and Service tax charged by the other firms/company Rs. 80/-. The question is That can we deduct Rs. 80/- (already paid). Now Net ST payable would be Rs. 20/- or other percent of service tax input is available 3) What is the rate of interest for Service tax if not paid on time. Pls help me out asap

0 Answers   ABB, Chartered Accountant,

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The company i approached asked me that they are registered Manufacturer to market fire extinguishers. They have both VAT & CST registration. When they supply material out of state i.e. under "C" form, to a Dealer who is also registered with CST and who can issue "C" form but for product paint. Will the "C" form issued by the Dealer be acceptable to us. What law governs, since the dealer is not registered to trade in Fire Extinguishers? In the first instance will he be able to issue "C" form at all i.e. Will the government allow him to issue "C" Form, if so under what norms? In the case that my company is the Dealer and registered for trading in Paint and we are taking Fire Extinguisher Dealership will I get set-off in "C" form for purchase and Sale. Kindly let me know on russel.raphael@gmail.com

0 Answers  

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