Answer Posted / deepak garg
Sales Tax is a Tax which is paid on Sales as one stage only
but in VAT (Value Added Tax) mean the tax will be collected
on every sales of the goods. like - first by manufacturer,
then from wholesaler and then retailer.
but the maximum and total tax will be paid on goods = retail
price X Tax Rate
| Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
Q.No.1) I paid Salary to our staff after deduction TDS. what is the journal entry pass at that time of payment of salary only, and then at the time of payment of tds. and the last date for payment of TDS Q.No.2) Suppose I paid Salary In advance due to that officer is take business tour at the end of the month in after deducting TDS. Now What is the journal entry Salary Advance & Payment of TDS. and when i will pay TDS for This Situation. Kindly Help me
CAN TWO VECHILE PASS TO RAJASTAN FROM NASIK ON ON ROAD PERMIT
Let me know the clauses (A)& (B) Of section 113 of the finance (No.2)Act2009?
1. Why some companies are not deducting the TDS or WCT on their clients Invoice.,? 2. How companies are getting exemption from Deduction TDS or WCT. ?. 3. What are the procedure for not to deduct the TDS or WCT on client invoice while making payment for their Invoice.?.
My client is a Partnership Firm and was converted in to the Pvt. Company. Now, the Question is that the both the entity i.e. Partnership Firm and Company entitled to get the Depreciation of Proportionarate basis, they used the Assets? I reffered to the Income TAx Act, there is no any specification regarding the convertion only the amalagamation and merger.
Dearlers Margin Received for Direct sale from our Creditor, that TDS deducted for us. How to accounting in my records in Tally ERP 9
Please guide me... We are dealing in trading of industrial material. What is the difference between importer, 1st stage dealer, 2nd stage dealer and 3rd stage dealer? Whether all of these above can pass on the excise duty to the end user. Please tell me and thanks in advance.
should we can take modvat benefit any time or they have some limit time to take input benefit claim?
procedure to get Raw Material free of excise duty under Central Excise Act,
What is Form-I, FORM-F, FORM-H, FORM-E and FORM-C?
Need of Bank Reconciliation to a company
Suppose that a sub-contractor total work done for Rs.100 & he charged 10.3% service tax.Then total gross value will RS.110.30.On what amt you will (that means on total work done or total gross value)charged Retention@10%,WCT@3% & TDS@2%.
how to calculate vat, st, cst, excise duty, customs duty, tds.
what are accounting principles
what is a rule for issue form 38 and tham form c any purchaser can issue form 38 or there is certain rule and regulation.