what diff. between panelty and interest in d-vat.what is
the rate of panelty and intrest?
Answer Posted / manjula s.s.
Penalty and interest is differecnce, when the company run
pay sum amt of Entry tax or sales tax when written vat 100
form every month.In one month the tranjaction did not take
place in that month because of posting wrong entry or
negligence of accountant. some month after it is findout by
sales tax officer when he visit the company that time he
will charge penalty. it means we never cheating the
government. he charges some amt of penalty.
Interest it is charged by bank. When the company or a
person take some loan from bank he has to pay the interest
on that loan that is called interest.
I didn't have idea about the rate of penalty and interest.
Is This Answer Correct ? | 1 Yes | 4 No |
Post New Answer View All Answers
why specifically inited states ?
Since minority interest is balance sheet item, and got brought foward figure, how to disclose brought forward figure in consolidation work sheet instead of we make adjustment on current year to show their share in subsidiary.
What Settlement details are required on the delivery instruction slip?
what is a depository?
what is article of association? what is memorandum of association?
Expand------ARN
how to prepare HSD statements in tally
capital introduced by partners? how it will be shown in tally? (i.e.at the place of Account what we have to post) (at the place of particulars what we have to post) (in which vocher we can post it)
We have two mandatory qualifiers nature of accounts and balancing segment, which will balance the debit and credit and recognize the nature of accounts, my question is what other qualifiers do. Like management. Thank you.
How can a Society be converted to a Private Limited Company in the Real Estate Industry and at the same time have the least tax liability upon it's profits earned during the financial year closing
Expand--------SOT
cash sales and credit sales both are asset or liability?
I have scooter , and its insurance expired for the past 1 yrs and i need to renew it ? how to , explain?
why you would like to work for the our(AIRLINE) Group ???
Hi Im Arun D. I m short listed for Karnatka bank interview. Can anybody share ur experiences regarding Bank interview of karnatka bank which was held on dec for Clerical post. Please help me I f u can. thanx in advance