Entry Tax paid for Car purchased Rs.800000 and this amount
may adjust to VAt payable. Noted that we are filing vat
return on the compound basis.
- 1 Answers
- 2215 Views
- I also Faced
- E-Mail Answers
Answer / abhivirthi tax and industrial
Dealers paying tax at the Compounded rates basis shall not be entitled to input tax credit on the goods purchased by them and the dealers paying tax at the compounded rates basis should not collect any amount by way of tax or purporting to be by way of tax on their sales and hence there is no provision to adjust the entry tax for the car purchased towards VAT payable.
Reply From:
ABHIVIRTHI Tax and Industrial Consultancy
R.R.JAGADEESAN
VAT PRACTITIONER AND INDUSTRIAL CONSULTANT
H-63, Palaami Enclave, New Natham Road,
Madurai-625014.
Cell: 9994990599
| Is This Answer Correct ? | 1 Yes | 0 No |
We don't have PT, s.tax registration. Our firm is 7 years old. If we want to register, what should we do? Any body can help.
what is the date of payment of tds of last month (March)& date of filing of last qtr.
what is the direct or indirect tax,types of direct or indirect tax.rates of various taxes 2008-09,procedure of taxes. form of various taxes.when the taxes is filled?
What is MAT stands for?
Please help me to find VAT Rates of the follwing Items in A.P 1.Fiber Glass -CSM -Roving W.R Polyster Resin G.P{general purpose)Roofing,ISO Thanks & Regards Mohan .V
tds percentage on advertisement add agency
what diff. between Account ,Commerce and Finance?
Form No.27A, I think it is a TDS oriented Form. But for what purpose and why this Form is use?
Pls give a details knowledge of Income Tax (including TDS, TCS)duty paid online form no., due date, return form no. and due date, limit of turnover for auditing, procedure of auditing and income tax depreciation, etc.
if we mentioned vat 12.5% on bill then we print this bill on retail invoice or vat invoice
If any body have knowledge for vacate position for the post of Accountant kindly mail me verma_moti@yahoo.co.in (handling Accounting upto finalisation,Sales tax/vat,TDS,Service Tax,Excise tax and MIS.
we charge service tax in our Invoice.we pay it in time. At the end of the year other party gives his deduction as certificate. what to do with it ? how to submit again to tax authorities?
Audit 
