Answer / atul nema

VAT= Multipoint tax and applicability of input tax credit.
Every point sale ill goods reaches to the customer.
SALES TAX = Single Point tax without Input Tax credit.First
sale is chargeable to tax n subsequent slae would ne exempt
from tax.

Answer / bino baby

Value Added Tax or VAT as it is commonly known is an
indirect tax imposed on goods or services at various stages
of its production. It is imposed on domestic as well as
foreign goods and is one of the main income structures of
the country.
Sales Tax, on the other hand is levied on completed
products and the consumer is aware of exactly how much of
it he is paying.
The burden of the VAT is, however, not felt by the consumer
as much as the Sales Tax is. Since it is imposed during
production itself it does not affect the buyer unlike the
sales tax which increases the price of a commodity

Is t.d.s deducted on Freight including Service Tax ?

8 Answers   ABC,

---

Suppose there is a computer Inst. providing a course abc and the total fees for it is Rs.10000 per annum, now this institute gives the right to another institute to provide facility of that course on behalf of it and the fees amt. is bifercated to Regd. fees Rs. 2500, Exam fees Rs.500 and tution fees Rs.7000,now the former institute gives right to later ins. to take Rs.7000 and says that the amt. of regd. fees and Exam fees i.e Rs. 3000 must be given to it plus service tax, now we have to save the former ins. from paying service tax on Amt. 3000, how can we do this?

0 Answers  

---

Pls.tell me some website name who display practical question & answers of accounting work. like tds, service tax entry and some more. also provide important knowledge of all taxes.

0 Answers   TCS,

---

what is H Form

3 Answers  

---

Clasify Capital and capital Gains

2 Answers  

---

in relation to pioneer industries, explain the following terms:1,production day. 2,certificate of qualify expenditure. 3,income tax relief. 4,pioneer certificate 2. list seven pioneer industries which fall under pioneer status as contained in the industrial development act 1971

0 Answers  

---

What is excise & service tax?

0 Answers  

---

witch taxes are calculate in CENVAT for Gold ornaments ?

0 Answers   Pentagon Systems,

---

Can Form H be given based on exicse invoice copy

1 Answers   TATA,

---

what is cost taxation

0 Answers  

---

Provision entry for current Year Income Tax A/c ----Dr To Income Tax Payable A/c Adjustment entry in next Year Income tax payable---Dr To bank A/c kindly tell me which head of income tax a/c and income tax payble a/c

0 Answers  

---

what is defered revenue tax

3 Answers   Animaster,

---