Answer Posted / vijay kumar

Understanding Excise Duty, Sales Tax, VAT, and Customs Duty StructureIndia's excise duties, sales taxes, VAT, and customs duties are all similar in the way that they are set up and calculated. All are tied closely to the location where business is conducted and have a tax determination structure that is influenced by common factors.

Excise duty, sales tax, VAT, and customs duty calculation methods are similar in that they can be calculated based on percentage, quantity, or ad hoc amount, and they require the calculation of multiple taxes and tax lines for each tax type. The excise duty, sales tax, VAT, and customs duty structure is designed to be flexible enough to accommodate changes that may impact rate determination resulting from changes to excise, sales, customs, and VAT statutes and legislation.

Various business rules exist for determining the basis on which taxes are calculated. Accordingly, you can define the elements that form the basis on which tax is calculated, and define the tax calculation scheme. You define how accounting entries are created for excise duties, sales taxes, VAT, and customs duty, as well as how inventory values are updated with nonrecoverable taxes.

We have a constructed a goverment approved textile park in year 2007. will we have to pay Service Tax on that Construction Service?

1780

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I had filed e-filling IT Return for A.Y.2011-12 before 1yr but yet I have not get Refund & not seen refund status at on income tax site now I filed e-return for A.Y. 2012-13 now what i do for refund A.Y. 2011-12?

2030

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i want know central excise duty codes with cess?

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What is DSCR and how to calculate the same.

4127

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Define previous year.

1009

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is there in india the rate of work contract are same in all states if now what are the statewise rate

2047

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What is difference between Contract and legel and legel and profession service???? I had face this question in interview

2243

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hi how can we know and how to caulata pf. caucaltion of diffrent copany how much rate of pf deducted by company which is the best site to know our pf information

1870

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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.

1947

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In wct limit is Rs.5lac if vendor provide bill below 5lac wct will applicable or it aggregate I need deduction of wct 5lac slap

1718

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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.

2019

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Please let me know the depreciation rates.... com 2011-12.... Vechicle - Computer - Furniture - Tel instrument -

2171

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which form is used for issuance of C Form ,F form etc. from Sale tax Authority (Haryana), when should be apply? what documents to be submitted?

2087

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Explain long term capital gains and how is it different from short term capital gains?

1070

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please let me know how to show the sales to unregisterd dealers in tn ctd new portal and in which annexure to select for filing sales to unregisterd dealers, cash / consumer sales

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