Answer / pooja

GOODS AND SERVICE TAX

What is goods and services tax (GST)
GST is a broad-based consumption tax levied on the import
of goods, as well as nearly all supplies of goods and
services in ABROAD. The only exemptions are for the sales
and leases of residential properties and most financial
services. Export of goods and international services are
zero-rated. In some countries, GST is known as the Value
Added Tax (VAT).

How does GST work
GST is a self-assessed tax. Businesses must come forward
to register for GST when their turnover exceeds $1mil per
year. After registration, businesses must charge and
account for GST at the prevailing rate. This is known as
output tax. GST registered businesses can also claim the
GST incurred on their goods and services purchased assuming
certain conditions are met. This is known as input tax.

how can i(accoutant) file tds,vat,service tax,salestax,business it returns?

2 Answers   Biotavia, GMG, Hot Brands,

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which items should be covered the Entry Tax by HP Govt instead of Purchased

0 Answers  

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What do you mean by Capital Asset?

1 Answers  

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Please tell about Work Contract Tax and How much % to be deducted, Which type of contractors come under this WCT and what is the procedure after deducting the Tax.

2 Answers  

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We have purchased staples Item & vendor charged freight in his invoice.should we deduct TDS on freight charges by vendor?

1 Answers  

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is all type of tds is refundable or not please explain?

1 Answers  

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what is the exact excise duty with cess in Banglore.

2 Answers  

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Exaplaine about RITC & how it calculated?

1 Answers  

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A ca charge a bill on his client of rupees 100000 and charge service tax @ 12.36%, party make payment after dedicate tds @10% what enters be made in the books of CA and party.

5 Answers   Genpact, Sams,

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what is works contract tax? if a contractor made a bill as repairs to machinary 00000000/- service tax 12.36% on 40% on basic value Vat 5% on 60% of the basic value of the bill amount how can i deduct works contract tax? please suggest me?

0 Answers  

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Dear sir, Please explain, Suppose I am not adjusted entire year the Input Tax Credit for sales tax related. Sales tax authority will return back the ITC Amount suppose not claiming not adjusted, it is possible or other wise that amount shall I carry forward next year?

1 Answers  

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WHAT IS THE MANAGEMENT ?

1 Answers   Ikea,

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