what is the service tax ?
Answers were Sorted based on User's Feedback
Answer / h.r. sreepada bhagi
Service Tax is he tax levied by the government on specified
services a the rates specified in the relevant Act. As of
now it's levied by the Central Government in India.
| Is This Answer Correct ? | 10 Yes | 1 No |
Answer / rohit
Service Tax is he tax levied by the government on specified
services a the rates specified in the relevant Act. As of
now it's levied by the Central Government in India
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / francis
Service Tax is the tax amended by the government in some of
relevant act to charge the tax for specified services and
it as levied by the central government in india, as per law
the input of service tax ill be enjoyed by the particular
specified customer.
| Is This Answer Correct ? | 1 Yes | 0 No |
going concern concepts
3 brothers living together.50 coconuts giving to first person.25 coconuts giving to second person, 10 coconuts giving to third person and they have to sell one c oconut each morning and evening.after sold the coconut they have to get the equal share from that coconut money.how can i calculate this puzzle please hwelp me?
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ABC Ltd. firm has a sales of Rs.6 crores, Variable cost Rs. 3.5 crores and Fixed cost of Rs. 0.65 crores. The firm has debt and equity resources worth of Rs.7 crores and 10 crores respectively. With the data given show : (i) The firm’s ROI. (ii) EBIT if sales decline to Rs.4 crores. (iii) If the industry’s assets turnover is 4 times, does the firm has high or low asset turnover? The cost of debt is 12%. Ignore taxation.
Actually we had Posted P.V.C bills to Indian Railway the total bills amount is Rs.10,00,000/-, and government had passed only Rs. 8,00,000/- and gov. had said that there are no more P.V.c bills are lying outstanding in their a/c, so for now are claiming Rs. 2,00,000/- as loss on sale, i m totally confused what would be the impact on the Profit and loss a/c , and in which group it will come,if I do a entry of:- dr. Central sale @12.5% a/c Rs.2,00,00/- Cr. Loss on sale a/c Rs.2,00,000/- or Will i adjust the Cst@12.5% on Pricipal Value, or will i pass on the entry on total amount i.e Rs.2,00,00/- Plz guide,me soon.