Interested to Buy Any Domain ? << Click Here >> for more details...
Brief me about sales tax,VAT,MVAT,excise duty,custom
duty,octroi & what is the difference between tax and duty.
- 1 Answers
- 16103 Views
- DRJ ARDE, I also Faced
- E-Mail Answers
Answer / atul nema
HI
1.SALES TAX has been abolished from every state.
2.VAT is mulitipoint tax n shall ne payable on value
addition on goods before it reaches to the ultimate
consumer.
3.MVAT is the Maharasta Value Added Tax levied by the
Maharastra Government in sale of goods in Intra Sale
Transactions.
4.CUSTOM DUTY when any foreign goods/ articles enters into
India Incoeporation, It will levy tax called Custom Duty.
5.Octrai is a also the tax levied by state Govt.
DIFFERENCE BETWEEN TAX N DUTY.
Duty is payable before making sales.
Tax is leveid on the sales amount means tax is the post
sales excercise.
| Is This Answer Correct ? | 27 Yes | 6 No |
Central Railway i.e. Central Govt. takes material through works Contract in Maharashtra State.The contractor purchases material from other states say M.P. or U.P. state. Due to inter state purchase of material the contractor is asking for C form. Whether Central Railway is eligible to get C form? Whether we will able to get C Form from Sales Tax Dept. so as to hand over to contractor ?
what is sale entry, purchase entry, credit note , debit note entry?
5 Answers Aquasol, TCS, Wipro,
When the C-Form should be issued, Whether it is from the date of Invoice OR from the date of material received (Goods Receipt Date)
Goods sold outside the state at rs 300000 excluding 2percent CST I want solution with journal entry
How can done the Accounting of WTC ? OR WTC treat (Take) like Service tax credit?
Can Form H be given based on exicse invoice copy
what is the journal entry if bank deducted tds on commision
Please mail me the TDS rates for the year 07-08? aamirdeba@in.com
what is the exact excise duty with cess in Banglore.
Contractor Limit of TDS Deduction is Rs. 30,000/-, After limit if I receive another 10,000 amount bill then I have to deduct TDS on total 40,000 or only on 10000/-. Pls advise
plz tell me calculation of service tax and tds. point by point
Telliphone Bill amount is Rs. 50,000/- and Service tax (12.36%) is Rs. 6180/- Total 56180/- is going to Debit a/c. my question is Tds caluculation made for what amount. (50000/- or 56180/-) pl give me correct answer.
Audit 
