Interested to Buy Any Domain ? << Click Here >> for more details...
is vat applicable on services as well? please describe the services under vat?
- 1 Answers
- 3211 Views
- I also Faced
- E-Mail Answers
Answer / rajasekhar pv
On Works contract services both Service tax and VAT applicable.
| Is This Answer Correct ? | 0 Yes | 0 No |
what is deffered tax asset
what is the deffnation of stt ? and how many rate of stt?
2 Answers ABC, ICAI, Master Marts,
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.
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!
how to enter annual maintenance service bill in account?
Please mail me the TDS rates for the year 07-08? aamirdeba@in.com
What are the streamlined sales and use tax agreement?
Should WCT deduct on Invoice where VAT charged but service tax not charged as service tax is not applicable to concern vendor (vendor gross income under 10Lacs)?
mention the list of services tax applicable
Whether Meeting of Board of Directors Can Be held at any Place other tan Registered Office.
types of tax
what is Gratuity? why it is deducted ?
Audit 
