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.

Ina earth work excavation and filling work , wct is applicable?

1 Answers   AVM Associates,

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How to reimburse TDS(Tax Deducted at Source)? I am getting monthly stipend of RS11,500. But still my employer deducting 1300 pm as TDS. They said they will issue form 16A to reimbruss. Please tell me the procedure to get my money back.

3 Answers   Infosys,

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PLEASE PROVIDE RATES, CALCULATION AND WHEN FILING THE FOLLOWING RETURN DIRECT AND INDIRECT TAXES RATES, T.D.S., F.B.T., EXCISE

0 Answers  

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I am a trader supplying goods to an exporter in other state. Is it enough if I get form H from him, to avail tax exemption?

1 Answers  

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what is the actual use of pure agent in tally erp 9 and why we use in tally .and what is the role of pure agent

0 Answers   Chartered Accountant,

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Salary A/c Dr (Gross) 10000.00 Salay payabe A/c Cr 9825.00 ESI Payable A/c Cr 650.00 ESI Employer Cont. Dr. 475.00 or Salary A/c Dr (Gross) 10000.00 Salay payabe A/c Cr 9825.00 ESI Payable A/c Cr 175.00 which is correct entry above entries ?

5 Answers  

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Can anybody tell me that what is the difference among ER- 1,ER-2,ER-5 and also write please applicablity circuler/rule for its limitation or please advice me the best book related rules which is helpful for excise accounting. "THANKS IN ADVANCE"

2 Answers  

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F FORM RECEIVED FROM SUPPLIER, NOT DEDUCTED GOODS RETURN AMOUNT THEREAFTER WHAT IS THE PROCEDURE DONE BY DEALER?

0 Answers  

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I am an registered dealer in Rajasthan State, and I am selling goods out of Rajasthan to a registered/unregistered dealer without 'c' form. What cst will be charged on it?

6 Answers   Anita Plastics,

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What is difference between service tax input credit and Cenvat credit? pl expain it.

1 Answers   Videocon,

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Dear Sir/madam, Is this possible that Service Tax and VAT on a similar item at a time?

1 Answers  

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Write entry for interest receivable from bank Rs. 15000 TDS 2250.

26 Answers   Datamatics, Kalash Commodity, Overnite Express,

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