Question { 11208 }

hi friends how many types of vouchers there i know cash
voucher, debit voucher, credit voucher, journal vourcher,
purchase voucher, sales vouchers, if any other voucher is
there pls tell me friends

Answer

Receipt Voucher,Payment Voucher

Question { 12612 }

what is the exact meaning of debit and credit

Answer

Debit means debtors & right hand side of B/S .
Credit means creditors & Left hand side of B/S.

Question { 2928 }

Is here any change in excise duty in respect of supply of
goods required for MSPGCL,i.e. Rs.10.30 % instead of 8.24 %.

Answer

Yes.

Question { 4753 }

We are purchaseing one machine on duty of payment ( Capital
Goods) in the staring of the month financial year 2009-10
at the time of purchase of machine we are not registered
with the excise department. But my company registred with
the excise department end of the same financial year
What can we are taken cenvat credit on capital goods in the
year 100% of 50% pls. given the comments or explain me all
excise exparts.

Answer

Conditon-1.
If excisable invoice make your company name so 50% cenvat
taken during the financial year and 50% cenvat taken next
financial year because your company registerd in excise
department.

Condition-II.
If your company not registerd and excisable invoice not
makeing your company name so not taken cenvat any condition.

Question { 5976 }

what is cst and what is rate of cst in 2010

Answer

CST-Central Sales Tax
Rate of CST-4%,12.5%,14% without Form-C, and 2% against C-
form.