Beginning Balance, Dec. 31, 20xx Creditable Income Tax 211,829.00 Income Tax Payable (132,808.00) > Balance 79,021.00 ITR (1st Quarter) - Jan. 31, 2016 - Mar. 31, 20xx Normal Tax (30% of Taxable Income) 2,205.02 MCIT (2% of Gross Income) 7,865.71 Aggregate Income Tax Due (Normal Tax vs. MCIT whichever is hihger) 7,865.71 Less: Tax Credits/Payments Prior Years Excess Credits 79,021.00 Creditable Tax Withheld - 79,021.00 Tax Payable, per return (71,155.29) What should be the entry in my book to record the above transactions? Thank you!

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When we make payment of custom duty through DEPB Licence against Import.we are a trading Unit. Can we pass on the 100% modvat to manufacturer as per mentioned in Bill of entry.

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vat return dates for uttrakhand

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I am late for deposit the service tax about 120 days. the amount of S.T. is 48115 What is the Intrest on 48115.

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what is wct? what is it applied ?

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1. while making invoice of import ups then dealer charge the service tax then it is included in the bill or not. 2.Or we make to separte invoice for service charges.

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What is a service tax?.How to pay the service tax return?

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