Answer / mohan

Central Value Added Tex. A replacement for the earlier MODVAT scheme and is meant for reducing the cascading effect of indirect taxes on finished products. The scheme is a more extensive one with most goods brought under its preview.

If the total material cost of secondary steel products @ BSL, Jharkhand, is Rs.30 lacs exclusive of VAT @ 4%, ED @ 8.24%, TCS @ 1%, and the buyer is registered under the Company's Act, 1956 in Bihar, and carrys VAT & CST certification but no ED registration, then what would be the proforma of purchase invoice ? And if the Buyer sells the above materials with the conversion charges or profit of Rs.5 lacs within Bihar, what would be the proforma of Sale Invoice ?

1 Answers  

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what is current TDS (tax deduction at source)rate?

3 Answers   IBM,

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TDS IS TO BE DEDUCTED ON WHICH AMOUNT - THE INVOICE AMOUNT OR THE INVOICE AMOUNT PLUS TAXES (SALES/SERVICE TAX)?

3 Answers   Progressive,

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What is the journal entry for tds certificate received by the company debtor

6 Answers   Enrich,

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updated rates of sales tax & VAT in Maharashtra

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a business man purchases goods at 12.5% vat... he wants to sel l the goods to other state then central sales tax will be applicable@2%.what he can do with the input tax avai lable?

1 Answers  

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Please advise can somebody deducted TDS on Dollar Bill. If yes then why....

1 Answers  

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What items come under deferred tax liability?

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How many heads are there under total income?

0 Answers  

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why charges PURCHASE @ 15 % TAX RATE ?

0 Answers   Bell, MNC,

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what is the income tax-meaning,rates for 2008-09,procedure,when income tax is filling,form of all income tax heads,complete information about income tax?

1 Answers  

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Please let me know the where i submit the manual tds return. & what is the proceser of etds return. Deepak

4 Answers  

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