Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / abdul wajid.
Indirect taxes are the charges that are levied on goods and
services. Some of the significant indirect taxes include VAT
(Value Added Tax), sales tax, excise tax, stamp duties and
expenditure tax.
Unlike Direct Taxes, Indirect Taxes are not levied on
individuals, but on goods and services. Customers indirectly
pay this tax in the form of higher prices. For example, it
can be said that while purchasing goods from a retail shop,
the retail sales tax is actually paid by the customers. The
retailer eventually passes this tax to the respective
authority. The indirect tax, actually raises the price of a
good and the customers purchase by paying more for that product.
| Is This Answer Correct ? | 0 Yes | 2 No |
Post New Answer View All Answers
What is Risk Assessment?
Ram, the proprietor brought additional capital of Rs 75000/- by pledging his wifes gold.pass entry
please give the sbi bank clerk exam paper model in last five years?
Please do tell me about the questions which are asked at BACS FINAL ROUND.
WHAT TYPES OF ESSAYS ARE GIVING IN BANK OF AMERICA? CAN ANY ONE HELP ME
Distinguish between sale and consignment
Expand--------SRTA
Expand MNS
fd redeem interest and principal entry in tally
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
What problems might be encountered if there were no accounting standards?
give the examples of Error of Duplication?and Error of compensatin? with entries
Expand----------SAMC
Hello... i am looking jobs in investment banking, derivates and BRS and i apply nakuri,Timesjobs and monster. But i did not get the job. so if websites and ID. Please help me.. Thanking u...
what is exercise duty how to calculate that and how to update in tally
