Answer Posted / p. navaneetha krishnan
Discount Allowed is a Part of Direcet and Indirect Expenses.
1. Discount Allowed through Sales Invoice is - Direct
Expenses.
2. Discount Allowed at the time of collection of Cheque
from the Customer / Debtors (some / specified % on amount
of outstanding has been reducred from the collectable
amount) is a Indirect Expenses.
CONCEPT.
1. Any discount given to customer to promote the sales
(directly) is a Direct Expenses.
2. Any discount given to customer to any other reasons,
like Management decission for proper fundflow and other
reasons is Indirect Expenses.
| Is This Answer Correct ? | 69 Yes | 6 No |
Post New Answer View All Answers
how to get input credit in vat & service tax
What is VAT TDS? when it is applied & at what rate?
please let me know how to show the sales to unregisterd dealers in tn ctd new portal and in which annexure to select for filing sales to unregisterd dealers, cash / consumer sales
Dear sir, mu question is that can one lunch (Tiffin) provider person mention both vat or service tax on his bill. pls. give me answer. EXPLAIN BRIEFLY.
what is the procedure for Delhi WCT payment , we have a registered office at mumbai and we have a branch at delhi for that renovation we have deducted WCT ,we have ur VAT and CST no for delhi branch do we need have additional registration for this payment
What is RITC under UP VAT. and How it is calculated.
how much TDS required in telecommunication services ? Any types of Telecommunication, provider or services receiver
what are the slab rate for F Y 2010-11
what is the method of work contract tax computation
Which income is considered as accrued income?
if any civil contractor provide service to education institute, then there is an exemption for service tax liability, and he should be quoted it on its invoice, can u provide me sample invoice formats
procedure to get Raw Material free of excise duty under Central Excise Act,
Dearlers Margin Received for Direct sale from our Creditor, that TDS deducted for us. How to accounting in my records in Tally ERP 9
About vat, service tax, tds, cenvat
WHAT IS THE MAIN OBJECTIVE TO ISSUE THE WAYBILL TO THE SUPPLIER ? WHAT IS THE TAX LIABILITY ARISES ? WHO HAS THE OBLIGATION TO PAY THE TAX ?
