Answer / nichit pandurang

Total tornover meant net sales minus sales return

Answer / muthukumaran.k

Turn over=Total invoice value-(duties+Taxes)+other incomes

Answer / nabi

Total turnover means Gross sales - Duties & taxes,sales return

Answer / shatrudhan sinhg

When Company has raise total invoices during a Financial year.

Our firm is 7 years old. We don't have PT registration for partners as well as employee. If we do it now, will it be a problem or how much penalty will come. Any one can give suggestion.

1 Answers  

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WHAT IS DIFF. IN VAT & SALE TAX?

1 Answers  

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What do you mean by Capital Asset?

1 Answers  

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I want to know the liability of tax agaisnt 'C' Form if i am not able to produce the form in front of authority.

8 Answers   ABB, Join Leader Chemtech,

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Is TCS is collected in respect of Scrape Sales only? If yes then what will Scrape includes?

2 Answers  

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Brief me about sales tax,VAT,MVAT,excise duty,custom duty,octroi & what is the difference between tax and duty.

1 Answers   DRJ ARDE,

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IF WE ARE WORKING IN PHARMA COMPANY & I SEND THE MEDICINE SAMPLE TO THE SALSMAN IN VARIOUS PLASE OF INDIA THAT TIME MADE INVOICE OR ANY OTHER CHALLN OR RECIEPT WHAT AS PER LAW ANY TAX APPLIED IN THE INVOICE & WHICH FORM WILL BE REQUIRED HOW TO GET IT, PLEASE GIVE ME DETAIL ALL INFORMATION WITH EXAMPLE & WHAT ENTEY OF THIS TRANSATION IN BOOKS OF ACCOUNT

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I raised a service tax invoice against a client on which i charged service tax and without receiving any sum from client a deposited service tax on good faith but now client refuses to pay sum . so please, tell me what should i do.

0 Answers   Genpact,

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Which form we use for depositing TCS?

3 Answers  

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I renders interior Services, consider one project cost Rs.500000/- Scenario 1 - Material purchased on my Firm Name Material - 300000 - 0 On party behalf Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit Scenario 2 - Material purchased by client Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit In both Profit is same Rs. 50000/-. which is beneficial for me in terms of turnover or tax matters. and if I have to raise a bill to party as per both scenario, how it will affect bill and tax, where will I suffer loss?

1 Answers  

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vat amount payable in financial year 2010-2011 Rs. 25000.00 but we paid Rs. 35000.00. This exces payment will be carried in next financial year?

3 Answers   Genpact, MSEB,

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What will be the TDS deducted for Net salary of Rs. 10,500 for month

2 Answers  

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