Answer Posted / h.r. sreepada bhagi

One of the methods of getting working capital is discounting
Bills of Exchange with Banks or Financial Institutions.
Goods can be sold against advance receipt of money, against
payment on delivery or against deferred payment or Credit
Sales. In case of credit sales, the seller & buyer can have
an agreement/understanding wherein, the seller will draw a
bill of exchange and the buyer will accept it.

The sale documents & the Bill of Exchange will generally be
exchanged between the parties through their respective
banks. In case the seller is in need of money and has credit
limits & sub-limits with his/their bank, he/they can get the
bill discounted with his bank and take money. The
seller/borrower should pay interest on the amount availed
against the bill in the name of Bill discounting Charges.
Bills will be fora specific period and the bank will extend
bill discounting credit for a period not exceeding the due
date of the bill. When the customer/buyer pays the money,
the same will be adjusted the credit extended to the seller.

Bill facility will be given against domestic as well as
export transactions and is a common method of working
capital finance. For more knowledge and practical input in
the methodology and specifics, approach your bank.

WE purchase Firewell for our office Rs.26500/- the vendor charge 5% vat on 26500=1325 and S.Tax 14.5% on 26500/- =3843 is it is possible please clarify

1806

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sir, can you give me clarification briefly how to capitalized and which one capitalized

2199

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what is the procedure for Delhi WCT payment , we have a registered office at mumbai and we have a branch at delhi for that renovation we have deducted WCT ,we have ur VAT and CST no for delhi branch do we need have additional registration for this payment

7540

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Dear Sir, I am working in account department. I want to know, Why service tax rate is change in every type of service. For Example - Rent Bill Service Tax Rate - 10.30% Taxi Bill - Service Tax Rate - 4.12% Why it change

2082

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if company is registered in West Bangal and goods are purchased from Maharashtra for export, and export will be done from Maharastra, then who can issue the H form?

1947

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what is the difference between vat return and return for remittance on value added tax.

2814

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if i the vendor is providing us some printing material & they issue a bill of printing with including Vat so what can i deduct TDS ?

2066

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wht do you mean by copmosition of tax

4039

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Rules for filling Income Tax return for an Individual ?

2068

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How to calculate rental exemption if HRA is not given seperately and what will be the maximum allowability and under which Section of Income tax

1914

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DEFINATION OF LABOUR ACT?

2343

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Define previous year.

1114

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Is sales against H Form Either in Punjab or out of Punjab treated as Zero rated sales in vat 15 form in Window showing as Break up of Zero rated sales: Direct export out of country; Sales against H Forms Or it is treated as seprate

3702

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witch taxes are calculate in CENVAT for Gold ornaments ?

1683

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WHAT IS DEFERRED TAX LIABILITIES.AND WITH EXMPLE DEFERRED TAX ACCOUNTING?

2065

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