Answer Posted / ellipila.sirisha@gmail.co

vat is of two types input vat which is calculated on
purchases and out put vat which is calculated on sales.
when ever we are calculationg vat first we have to see what
percentage catergorie that commodity belongs to 14.5% or 4%
or 1%. After that on total amount of sales or purchases of
that particular year should be taken to calculate the vat .
on that amount percentage should be taken. ex: sales
amount*14.5% or purchase amount*14.5%.

service tax is calculated on turnover at the rate of 10.3%.
this 10.3% includes education cess and higher education
cess.

Exicse duty is the indirect tax levied by the state on the
manufacture or production of goods in india.The rate of
excise duty was 16.5% before 1April08.From 1stApril,the
rate has been changed to 14%.

WHAT IS THE PENALTY CHARGE BY THE SALES TAX DEPARTMENT IF WE ARE ENABLE TO FILE SALES TAX RETURN AFTER ONE MONTH FROM END OF THE IVQ-2012-13.

1952

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Define deferred tax liability?

1172

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CERTAIN LIST OF EXPENSES ARE MENTIONED IN SECTION 35D regarding amortisation of such expenses........not included in the list are expenses like administrative expenses,consultancy fees etc...if these expenses are of revenue nature then well and good enough, problem taken care of.If it is not of revenue nature nor is it included in the list, how do u treat such expenses. Do u capitalise them by way of fixed assets or sunk costs or what do u do? any case laws that talk about expenses not mentioned in the section?

2365

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I AM INTO AN EXPORT COMPANY MANUFACTURING GARMENTS. I AM PURCHASING AN INTERSTSTE ITEM AND PROVIDED FORM H NOT C. COULD I BE ABLE TO GET ANY EXEMPTION FROM TAXATION AND WHEATHER I HAVE TO CLOSE MY SALES TAX ACCOUNT FOR PROVIDING FORM H, AND IF AGAIN I COULD BE GET ANY EXEMPTION FROM FORM C ISSUING FOR THE SAME COMMODITY AND SAME SUPPLIER.

1970

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Hello Sir, Please send the knowing calculation of attrition rate?

2277

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how we creat e-vat return in tally for punjab

2942

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How to reconcile a Vendor who is a supplier as well as a Contractor?

1776

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ie it possible to charge WHT and VAT on one trancaction? if yes,kindly explain the dynamics/working of both taxes

2142

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Please some one tell me what is the VAT or WCT rate for works contract at Tripura

2505

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agar hum koi sale return 3 month ke andar hi receive krte hai or part uski cst purchase ka bill deti hai or humse c form mangti hai to kya hum use LS-10 me tax benefit ke liye and LP-3 me c form issue krne ke liye kyoki central purchase ka haryana vat me benefit nhi milta kya dono form LP-3 and LS-10 me hum us return ko show kar skte hai

1726

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what is rate of different service tax in haryana

1770

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if am registered dealer & i am using road permit, i have to pay entry tax, which goods, I am receving in jammu

2019

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What is CAARO?

2173

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What is excise & service tax?

1087

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due date for issue of C form, if c form is not issue what will be the consequences

3814

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