Question { 4425 }

i have a bank statements for a xyz company, how did start Bank
Reconciliation Statement, what is the concept of BRS and what
is the steps to follow up the BRS. can u told how to do brs in
Excel easily. please solve my question.

Answer

first ofall we have to know what is BRS, ( Bank
Reconsilation Statement) is noting but reconsilation
between our bank statement and our bank book & cash book.

First step : you take your bank book i mean your company's
bank book nd see how many transactions is matching wihh
your bank statement, tick it which is same with your and
your bank books.

Second Step : you have to note down which cheques are not
cleard in your bank which already issued by you or by your
organisation,

Third Step : Some times we issue post dated cheques and
some time we will issue cheques in month ending these type
of cheques will cleare after that month, then this type of
cheques will be there in your bank statement but it will be
in your cheque issued register in this type of concern your
bank book and your bank statement will be tally.

there are the important steps

Question { Sumeet, 16849 }

i want to know about VAT & CST (inculding its Form No.)

Answer

IF YOU ARE PURCHASEING OR SELLING THE GOODS WITH IN THE
STATE THAT TURNOVER WILL BE TREATED AS LOCAL TURNOVER. FOR
THIS NO C FORM IS REQUIRED.AND THE % OF TAX WILL BE 14.5 OR
4 DEPENDS UP ON THE MATERIAL.


IF YOU ARE PURCHASING OR SELLING FORM THE OTHER STATE THAT
TURNOVER WIL BE TREATED AS CST TURNOVER, IF THE BUYER
AGREES TO ISSUE FORM C THEN TAX RATE WILL BE 2%, IF HE IS
NOT READY TO PROVIDE FORM C THEN THE TAX RATE WILL BE 14.5%.

MONTHLY RETURNS.
VAT - 200
CAT - IV.

TAX RATES OF VAT PURCHASE

1. 14.5 %
2. 4%
3. 1% FORM TOT DEALER.

TAX RATES OF CST PURCHASE

1. 2% IF YOU AGREES TO ISSUE FORM C
2. 14.5% IF YOU ARE UNABLE TO ISSUE FORM C