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how many types of sale tax returns?

Answers were Sorted based on User's Feedback



how many types of sale tax returns?..

Answer / krishna reddy

Two Types of Sales TAX Return one is VAT Returns and
another is Central Sales Tax(CST) Return.

Is This Answer Correct ?    7 Yes 6 No

how many types of sale tax returns?..

Answer / subrat kumar nayak

There are three (03) types of Sales TAX Return i.e.

1. VAT Return
2. CST Return
3. Entry Tax Return

Is This Answer Correct ?    5 Yes 4 No

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Beginning Balance, Dec. 31, 20xx Creditable Income Tax 211,829.00 Income Tax Payable (132,808.00) > Balance 79,021.00 ITR (1st Quarter) - Jan. 31, 2016 - Mar. 31, 20xx Normal Tax (30% of Taxable Income) 2,205.02 MCIT (2% of Gross Income) 7,865.71 Aggregate Income Tax Due (Normal Tax vs. MCIT whichever is hihger) 7,865.71 Less: Tax Credits/Payments Prior Years Excess Credits 79,021.00 Creditable Tax Withheld - 79,021.00 Tax Payable, per return (71,155.29) What should be the entry in my book to record the above transactions? Thank you!

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