As an accountant what we have to do if purchaser is not
paying us form C however we have charged tax at lower rate
against form C?
Answer Posted / surendra babu
if the purchase not providing C form we charge full tax value i.e 5% or 14.5% or diff tax is raised a debit note to the party.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Explain the procedure to calculate provident fund, esi, vat and sales tax.
What is the difference between fund flow vs. Cash flow?
Company A from Maharashtra dispatch material directly to company C in Maharashtra & Billed to Company B in Karnataka. Co. A raised billed to Co. B charged local VAT., Co. B raised bill on Co. C tax rate NIL. Can Co. C claimed on VAT amount ?
if i paid interest on tds for ex:- tds deducted on rent for the month of april, may, june rs. 20000 each for month and tds paid on 7th july then i have to pay interest @ 1.5% for rs. 1200 , 900 , 600 respectively , so i wanted to know what is the entry for rising of this interest in accounting software other than tally
Hello! My annual salary is @ Rs.6,00,000/-. What would be the TDS applicable for me per annum/per month. I am also contributing to EPF @ Rs.9360/-.
WHAT IS THE DIFFERED ASSET , WHAT IS THE PROVISION OF IT GIVT ME THE EXAMPLE WITH ENTERY ON MY E.MAIL sonidilip87@yahoo.com
if the reparing & machinery maintanance for one party the whole year payment paid rs.75000/- crossed than tds is deducted from amount
What is the Procedure of Import & Export
Is Work Contract Tax expenses for a company?
How to reconcile a Vendor who is a supplier as well as a Contractor?
Sir, in CEntral excise we need to pay some amt with interest ex.13815 amt for 66 days how to calcualte this?
We need to know is their any govt notification for VAT & Service both applicable for one item or single invoices
CAN TWO VECHILE PASS TO RAJASTAN FROM NASIK ON ON ROAD PERMIT
Under the provisions of the BST Act, no registered dealer is allowed to collect any amount by way of tax in excess of the amount of tax payable by him. Excess tax collected is to be forfeited to Government. However i want to know whether tax payable amount is the amount before the set off claimed or the tax payable amount after availing the set off.
What is CAARO?