Question { 9001 }

Can i take service tax on freight outward.

Answer

Yes you can take tax on freight outward. Bcoz you are paid
freight inclusive of service tax so you can full credit
availed on any expenditure where you paying service tax
amount.

Question { IBM, 7780 }

what is service tax

Answer

When any employer provide any service to his customer which
income is excess under the tax then company liable for the
pay tax.

Service tax charged at rate 12% + 3% E.Cess & H.& E.Cess
=12.36%

And service tax deposited of in under 5 days who you
charged service tax to his customers.

In the payment of Service tax amount you can Credit availed
duiring of the month.

Service tax filling return as half yearly basis on 15th
octuber & 15th April.

And if any company paurchased of any item who has Excise
duty & e.cess with h.e.cess then you can credit availed
when you received excise form to your seller.

Question { 6903 }

What is the difference between Cash Flow & Fund Flow

Answer

Cash flow is a staement who shaws that where are you using
you cash or bank amount funds and what's profit now. it can
be monthly / weekly / yearly also. Cash Flow statement is
very useful for the any company who know his direction of
flow.

MAny times you use ur current assets for the purcahse of
fixed assetes anf paid to creditors. In that condition
there is internal transation between liabilties & assets
who do not show cash flow then you prepare Fund Flow
statement to see your transffering funds

For eg. You sold a fixed asstes by cash or credit then your
assets will be decrease and your current assets wiill be
increase. There are fund flow.