complete information about these taxes-income tax,ser vice
tax,sales tax,vat,excise with complete detail-mening,all
form ,date of filling,procedure,heads,rates for 2008-09 year?
INCOME TAX - IS the tax which is paid directly to the
centralgovt by the assesse on the income earned
SERVICE TAX - IS the tax which is paid for rendering of
services in this case the seller of the service collects
the service tax towhomhe is rendering the service &
indirectly pays to the centralgovt
sales tax - is the tax which is leivied at the point of
sale this tax will be leivied on sales
RATE - 12.36%, 12% IS SERVICETAX, .36% IS E.D CESS
vat - value added tax ,vat is a formof salestax which is
collected in different stages of transactions like buying
selling & distribution of goods & services the input tax
is rebated against the out put tax is called as vat
FORMULAE - OUTPUT - INPUT
RATES - 1%,4%,12.5%
EXCISE - Excise duty willbe paid when the goods are
removing out side the gate they need to pay the duty known
as excise duty it could be also called as cenvat
FORMULAE - SAME AS VAT
RATE - 14%
| Is This Answer Correct ? | 20 Yes | 4 No |
WHAT IS THE PROVISION OF INCOME TAX, SELF ASSESSMENT TAX AFTER AUDITING GIVE THE EXAMPLE WITH ENTERY
sub hadding no. scrap & Wastage in corrugated box
How To fill vat, Tds, Service tax Return Form? Please Explain With an Example.
2 Answers DELL, Event Management, HCL, Mohrish Pharmaceuticals, Phoenix Cars,
Company A from Maharashtra dispatch material directly to company C in Maharashtra & Billed to Company B in Karnataka. Co. A raised billed to Co. B charged local VAT., Co. B raised bill on Co. C tax rate NIL. Can Co. C claimed on VAT amount ?
how many form used in sales tax return from begining to ending?
computation of monthly income tax? example;-salary of male employee below 65 yr. of age the yrs inclusive of all perquisites is Rs.450000/- out of which rs.50000/- is account of non monetary perquisites and the employer opt.to pay the tax on such perquisites as per the provision?discusson above with reply
709,001 690,388 940,645 46,435 16,651 8,316 755,436 707,039 948,961 3.17% 2.98% 2.53% 3.66% 1.31% 0.66% solve it
Dear Sir, we have purchased Poly Covers ( 360mm x 560mm)for raw material use.This Input vat claim it or not ?
Any body tell me about VAT (Karnataka)shortly because, iam reading vat book but iam not able to understand that. if any body tell me shortly about karnataka vat, retursn, tax collectng, tax payment, CENVAT utilizing etc. pleseeeeee
excise registration for dealer XM for Manufacuturer XD
why charges PURCHASE @ 15 % TAX RATE ?
pls help me make a full salary with all deduction like PF, ESI, HRA, Basic, conveyance etc with full rates% supose my salary is CTC 10660/- & give me full form of CTC