Answer / yadagiri

firstly create ledgers customer A/c under group sundry
debtors ,sales@14.5% account under group sales account and
output vat 14.5% under group Duties & Taxes

customer account A/c Dr,
Sales @ 14.5% A/c
out put Vat @14.5% A/c

Answer / p k ojha

costumer a/c Dr
sale@ 14.5% A/C
out put vat@ 14.5

what is the SAT?

1 Answers  

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I want know about the type of taxes? Why a company charged lesser tax against the 'C'form. what is th role of 'C' form and what is the custome duty and percentage of custome duty?

2 Answers  

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WE ARE THE DEALER WE PURCHASE MATERIAL WITH VAT & USE THE SAME FOR LABOUR CHARGES + FINISHED GOODS BUSINESS & BUSINESS SHARE OF THE SAME IS 85:15, CLEAR ME CAN I TAKE FULL ADVANTAGE OF VAT CREDIT AGAINST MY VAT LIABILITY

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Whether sales tax is chargeable on imported goods.

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What is the job of a accountant other than maintening accounts books?What type of Tax he should familiar to work as an Accountant?

0 Answers  

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I have deducted the tds against advace payment on 150000 ie 3000 paid to govt, in jan month in april month i rec 300000 bill so how to adjust the previous advance tds in this bill

2 Answers  

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i had sold a residential property owned by me and had received proceeds of sales of said property by cheque but at present i am unable to purchase new residential property and the money is lying with me ideal in my bank account can i invest that ideal amount for period till 1 year or upto 1.5 yr till i purchase new residential house. what will be income tax treatment for the ideal amt invested in some else for time being and not purchased a new residential house.

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I want to know the Taxation entries manually like(TDS,VAT, Excise duty, Income tax, statutory payment entries)

1 Answers  

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We have sold goods to customer against H-Form in each quarter of the year. But customer is issuing single H-Form for whole year purchase. Should we accept it or not?

3 Answers  

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if we purchase tangible material on the basis of Vat @12.5% and we are service industry, than can we make the invoice on that material on the basis of Service Tax @ 12.36% with Management Fee?

1 Answers  

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is TDS applicable on Sodexo coupons?

1 Answers   IVY Technologies,

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Suppose that a sub-contractor total work done for Rs.100 & he charged 10.3% service tax.Then total gross value will RS.110.30.On what amt you will (that means on total work done or total gross value)charged Retention@10%,WCT@3% & TDS@2%.

0 Answers  

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