Answer / ravi

service tax will be paying by all the service providers by
collecting the service tax for whom we had been offered the
service and remmit it to the govt as the service tax is not
paying directly by the service provider as we discussed in
above example it's an indirect tax

rates - 12.36% 12% is service tax. .36% is e.d cess

vat - meas value added tax is leivied at every point of sale
which has come in to force from 2005 to under stand
this concept we should know abbout input output
input - taxpaid on puchases
output - tax paid on sales
in put credit - the tax which was paid at the time of
purchase will be deducted from
the tax he need to pay at the
time of sales
VAT PAYABLE - OUT PUT - IN PUT
RATES - 1%, 4%, 12.5% EXCEMPTED, ZERO RATED

Answer / rajesh

vat is calculating on local sales.when we sale the goods it
id deducting on the amount as per percentage.

What do mean by sales ledger and sales account

2 Answers   Telco,

---

working capital and variance cost and funds flow and cash flow and gaap and surplus and

1 Answers   FactSet Systems,

---

what is the scenario of multi-org setup?

0 Answers  

---

How to Calculate HRA, CCA, PF, Transport allowances in Salary if i am getting Rs. 48000/- PM?

1 Answers   DTDC,

---

while doing work in dolphin software when credit note is given by supplier to purchaser then purchaser is debited supplier account so on credit side which account is coming which account should be credited

0 Answers  

---

Expand R A (Allowance in Railways)

2 Answers  

---

EXPAND___________NBFCS

0 Answers  

---

What is PBDIT?

9 Answers   Banking, Goldman Sachs, Pat Trade Links,

---

What percentage of discounts lost did you have in Accounts Payable? Did the percentage increase or decrease under your supervision?

1 Answers   Boston Consulting Group, Noble Group, United Healthcare,

---

If grant is receivable by head office, but it is directly received by branch then what entries should be passed in branch and head office in tally

2 Answers  

---

suppose you are going to start new financial year then What treatment you will do of previous year balence sheet ( like previous year prepaid,provision etc) in current financial year.

1 Answers   DLF,

---

What is bank Reconciliation Statement?

2 Answers   EDS,

---