Define the 'Input Tax' in respect of Service Tax Act. What
type of Input tax can be taken for the credit of tax payble?
Answers were Sorted based on User's Feedback
Answer / arjun_gatsby
Input Tax is that tax which a service provider; who is also
giving output services, have paid on services he has taken
for the pupose of providing the output services to his
clients. It includes the duty paid on goods and capital
goods which are used for the purpose of giving direct
services to the clients of the said service provider,
except a Transporter and Non Resident.
|Is This Answer Correct ?||26 Yes||3 No|
Input VAT is the value added tax added to the price when you purchase goods or services liable to VAT. If the buyer is registered in the VAT Register, the buyer can deduct the amount of VAT paid from his/her settlement with the tax authorities.
|Is This Answer Correct ?||1 Yes||0 No|
Hi, I am working in MNC, I Want to Know about TDS. What is Deposit date of TDS for all categaries & Which challan or Form What is date of Submit tds return quarterly for in a Company & Which form fill up
what is bank reconcillation statment,balance sheet,thumb rules of accounts,depreciation?
A Company income 150000, and an indivisoul which income 150000 who pay more tax ?
A Accounts Manager of a Company ask You have complete knowledge about income tax. The question is that What things involve in complete income tax
how to calculate the TDS?
If any payment made for purchase of computer parts (mother board , ram, monitor)say 1/100 of monthly income (if income is 1000 & expences is rs.10) than whether it is computer expence (revenue expenditure) or computer (capital expenditure). Kindly specify in detail
If purchaser receive 4 nos Invoice from seller agnst Inter State Purchase in One Quarter and By mistake Purchaser issued one Form C in One Quarter only for 3 Invoice. Can he (Purchaser) issue another Form C for rest 4th Invoice or not???
What is the CST rate in India for sale of Tractor spare parts
what is the percentage of W.C.T T.D.S to deduct from vendor, and is this includes T.D.S deduction or again T.D.S has to deduct separately?
sir, please suggest me. If in case work contract, wct not deduct by principal contractor then what is the consequence ? I mean please clear me if the principal contractor not deduct wct then is the contractor (sub) liable to pay wct ?
what is the diffrence between tds and vat?
What is the diff between Comercial tax and sales tax?