Answer / deepak bisht

the reconciliation payable & receivable.

first time:

tally payment and bank statement withdrawal side reconciliation.

and second time:

tally receipt and bank statement deposit side reconciliation.

and reconciliation time
payment cheque no. and bank statement cheque no. tally. tick
mark. and if not cheque no. tally. they payment note.

and payment and receipt reconciliation same.

1. How to calculate vat @4% on a bill which also suffers Service Tax @ 10.30%. ie. Whether i hav to calculate on the basic or on the sum of Basic + service Tax. kindly clarify in this regard immdly. because som part of people says it sholud b calculated on the basic, another part of people says it should be calculated on the sum of Basic + Service tax.... 2. when we deduct TDS for the invoice? ie. In the invoice which suffers Vat & also Service tax or the invoice which suffers only Service Tax? Kindly clarify me immdly.

3 Answers  

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PURCHASE OF FIXED ASSETS THAT PURCHASE TO CLAIM THE VAT PAYMENT ?

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Ours is a SSI unit manufacturing Leather Footwear In himachal Pradesh . We send the Some Material for JOb Work in other state like pujnab, Haryana , and last finishing done at our end , are job worker required to pay service excise duty or service tax or other any taxes

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IF BILL OF JOB WORK HAVING WITH VAT AMOUNT THEN WHICH AMOUNT IS LIABLE FOR TDS DEDUCTION THAT IS WHOLE INVOICE AMOUNT OR EXCLUSIVE OF VAT AMOUNT

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Whether We can Get the Refund of Service Tax Paid Wrongly to the department.We are not suppose to pay the tax and we knew after that we can adjust that servies tax what we have collected from our client aganst services received from our suppliers.

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what is mean by vat (value add tax) what is that value, is it gross amount of purchase/sales, or it net of amount of pur/sales - on which it will calculated, i need with example

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Labour charges for Assembly and Calibration is liable for service tax, & whats the limit

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we can cash slase above 20000? and if party pay the above 20000 we can give the recipt.

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A cement product which MRP value is Rs. 280. Now how it calculate the Basic Excise on MRP or my Selliing value from factory?

2 Answers   Udapudi Cements,

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What is the difference between vat scrutiny and vat assesement,what is required document for both.

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hi,i want to kow the difference between withholding tax and service tax.what is the procedure of calclation of the two.please help.its urgent.

2 Answers   Wipro,

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Form No.27A, I think it is a TDS oriented Form. But for what purpose and why this Form is use?

3 Answers  

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