Answer Posted / vinay kumar kharbanda
Excise duty is the tax on manufacturing activity controlled
by Central Government.Input excise duty & service tax on
input activities are adjustable with duty payable on
manufactured good whether it is marketable or to further
process required.
Vat is the tax on sale which is imposed by State
Government.Input local vat is adjustable with output vat.
| Is This Answer Correct ? | 16 Yes | 0 No |
Post New Answer View All Answers
CASH SALE OF Rs. 10000/- WITH TAX. THEN WHAT SHOULD BE THE ENTRY BEHIND THIS IN BOTH SIDE SALES AND TAXATION.
What is FBT & Service Tax Remittances?
DEFINATION OF INCOME TAX , WEALTH TAX , INDIRECT TAX ,DITECT TAX , AND CORPORATE TAX ?
anybody pls tell me about the service tax
Basing on what we can made TDS payment
i wanna p.y tax assistant exam question paper Please send this as earlier as.
whether octroi service charge levied on entry tax? and is service tax levied on octroi service charge?
I AM A/C'S MANAGER IN CONSTRUCTION CO.WE TAKE TRANSIT MIXTURE ON RENT BASE FROM OUTSIDER.THE SUPPLIER CHARGE VAT ON THAT MACHINERY @ 15%,IS IT TRUE? IF YES PL.SAY ME WHICH SECTION APPLY UNDER THIS LAW OR NOTIFICATION OR CIRCULER FROM COMMERCIAL TAX DEPATMENT.
for applying way bill for to send the materials from one state to onother state for a part load ( not full exclussive truck load)through transporter,dose it required vehical registration number or only transporter details can do.(as for part load , transporter unable to inform the vehical number in advance).kindly advise.
we are a manufacturer unit can we purchases of building material agst form "C" or vat C4?
what the procedure of filing mvat pls. explain in briefly ?
I am a civil Engineer consultant. On an item for example Rs.100, I am adding 4%WCT ie., Rs.4 and I am certifying the contractor bill for Rs.100.00 + Rs.4.00 = Total Rs.104.00. But my client is deducting 4% on Rs.104.00 ie., Rs. 4.16. So, finally contractor is losing Rs. 0.16 on Rs. 100 which amounts to lakhs on the project value. Can you please guide me on this? Santosh Kumar
wct amount deducted by main company .that amount will be returned Subcontractor?If yes,how process is given me.
What are allowable and dis-allowable expenditure?
if a buyer paid full cst 14.5% for a redistrable assect then whatis the registration process?