Question { 8510 }

What is WCT? On Which it is calculated?pleasegive any
example.

Answer

WCT- Works Contract Tax
Whenever any activity is undertaken under a contract for
working upon any goods; it can be liable to tax
under "Works Contract Act" which is leviable by the Sales
Tax/VAT department of the State Government

Work contract tax is almost like sales tax which is levied
in the process of sale or activity or project, where there
is an involvement or which include goods or material. That
is, if a project right from the commencement to till the
end, involves any goods, then it is liable for the WCT.
Suppose, a company has given a project to a vendor to
construct the wood work of a particular office area. Then
the project includes goods like wood, paint and other
accessories etc. which is liable for WCT. Usually,
engineering projects are not liable for WCT.

Question { 4939 }

What is Rule 52A (Excises Duty)

Answer

RULE 52A. Goods to be delivered on an invoice

1. No excisable goods shall be delivered from a factory or
a warehouse except under an invoice signed by the owner of
the factory or his authorised agent:
Provided that when the excisable goods, other than those to
which the provisions of Chapter VIIA apply, are removed on
payment of duty such invoice shall be required to be
countersigned by the proper officer.
2.The invoice shall be made out in quadruplicate
3.The copies of the invoices shall be marked at the top in
bold capital letters in the following manner, namely: -
(i) the original copy shall be marked as ORIGINAL FOR
BUYER; (ii) the duplicate copy shall be marked as DUPUCATE
FOR TRANS- PORTER ; (iii) the triplicate copy shall be
marked as TRIPLICATE FOR ASSESSEE.
4.If all the packages comprising a consignment are
dispatched in one lot at anyone time, only one invoice
shall be made out in respect of the consignment
5.Invoice shall be maintained in two sets - (i) one for
clearance for home consumption; and (ii) the other for
clearances for export.
6.Each invoice shall bear a printed seria1 running for the
whole financial year beginning on the 1st April of each
year.
7.Each foil of the invoice book shall be authenticated by
the owner or working partner or Managing Director/Company
Secretary, as the case may be, before being brought into
use by the manufacturer

Question { Sabic, 13286 }

when Form-16 and Form-11 issued?

what is difference in these two?

Answer

The Form 11 of EPF is a declaration by the employee for
certifying that wherever has has worked/or not worked, he
never had a PF account number.The govt has introduced this
form in order to stop the system of having multiple numbers
of one employee

FORM 16-
It is a certificate issued to you by your employer stating
the details of the salary you have earned and the tax
deducted on your behalf and paid to the government.

Question { 22310 }

WHAT IS THE DIFFERENCE BETWEEN ERP, SAP, CRM, MIS?

Answer

ERP (Enterprise Resource Planning) is a concept and SAP is a ERP tool (software),SAP is an ERP , SAP is software to implement ERP. there are a lot other softwares in the market,

in ERP various tools are used,SAP is one of them ,another tools are HCM management softwares, like peoplesoft, HRMS, petal etc etc etc

CRM (Customer Relationship Management) – CRM is Customer-oriented and managed by marketing and sales department which often represents organization to the world. Just like ERP manages information inside organization, CRM manages
information about existing and potential customers so as to build better relations with them.

MIS is an arrangement that makes available information needed to administer an organization effectively. Were as, an ERP joins together all the internal and external management information transversely throughout an entire organization, embracing all the areas like finance, production, sales and service.

Question { 3586 }

What is Change management?

Answer

Change management is a systematic approach to deal with change, both from the perspective of an organization and on the individual level.

Question { 42477 }

What are the 7 Different Domains in HR ?

Answer

The 7 Key areas / Domains in HR :
1.Organisational development
2.Performance management
3.Recruitment & selection
4.Training & Development
5.Personnel administration
6.Employee /Industrial relations
7.compensation management