Answer / nagaraju arepalli

First Vat returns entry
At the time of purchase
purchase A/c Dr
Input Vat A/c Dr
To Bank/Supplier A/c
At the time of sales
Bank/Customer A/c Dr
To output Vat A/c
To Sales A/c
At time of Vat return
Output Vat A/c Dr
Input Vat A/c
Bank A/c
At the time of TDS deduction from customer
TDS A/c Dr
To Customer A/c
At the time of TDS pay to incometax
Income tax A/c Dr
To TDS A/c

What is the benfit of c form

5 Answers   Infotech,

---

IS THERE LIABILITY OF SERVICE TAX IF WE PROCESS CATTLEFEED FOR OTHER PARTY ?

2 Answers  

---

I have doubt on Input VAT & Output VAT (incoming vat / outgoing vat) I have a HMS software, where we have interface to tally erp. When we import the transactions to Tally from HMS (Hospital Management System) All the purchases what we do for a period, the tax paid on these purchase are showing as out going vat. Similarly when we do the sales of those purchased items through HMS, tax collected from customer is showing as incoming vat. Is these are correct terms what they had mentioned in HMS? Please help me out.

0 Answers  

---

The Depreciation Rate for Heavy Equipments like cranes (used in the construction of bridges, flyovers etc ... ) is 30% as per the companies act. If i buy a crane for Rs. 10 Lakh and claim depreciation the cost of the crane in the 2nd year is 7 Lakh and in the 3rd year it is 4.9 Lakh and in the 4th year it is 3.4 Lakh ...... Can i re-value the crane in the 5th year to the 2nd hand market price of Rs. 20 Lakh and claim depreciation on it @ 30% ? (Cost of crane in 6th Year now is 20 Lakh - 6 Lakh = 14 Lakh )

0 Answers  

---

how to creat e-vat return in tally

0 Answers  

---

Hi, I need the clarification in Tax Rate in Karnataka for Frozen foods like Paratha, Briyani, Pasta's Please share the information for me

0 Answers  

---

WE HAVE PAID SALARY 200000 PER MONTH a)COMPANY ALSO PAID HER HOUSE RENT WHICH IS 12000/- MONTH. b)FURNITURE PROVIDE WHICH COST IS 175000/ I WANT SUGGESTION HOW DEDUCTED HER TDS PER MONTH

2 Answers  

---

Sir, We purchased coal from NCL on CST basis. An incentive is paid on the basis of performance basis of NCL. NCL Raise there incentive bill for Rs. 1000+CST2% Rs.20 Total Rs. 1020/-. But As per Our Calculation, Incentive bill should be Rs. Basic 900+18 (CST)total Rs. 918. We argue and disputed and paid only Rs. 918/- . After Some time they also agree that incentive amount should be Rs. 900+CST but Now they revised the bill like this Basic Incentive Rs. 900+CST Rs.20/- (Original Tax value). And now they are demanding C for with CST 20/- but our pleas is that we are not liable for the mistakes made by the NCL and will issue C for for Rs. 18 Only. Now They are demanding C for for difference of Rs. 2 of CST. My Question is what should be the actually value of C form for CST ie. Rs. 18 or 20. considering the fact that we accounted only rs. 918/- in books and disputed is resolved after one year for basic value.

0 Answers   NTPC, XYZ,

---

Please tell me who is lible to pay service tax - give category & limit turnover

3 Answers  

---

is any benefit we can avail in income tax in respect of deducted Fringe benefit tax. please explain in detail.

0 Answers   Genpact,

---

What are the Interest Rate on Entry tax in UP ??

3 Answers  

---

I want to know about the site where i can do online application for F form. Please suggest site address and procedure.

0 Answers  

---